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355-357 Merrimack StreetManchester, NH 03103MLS Number 5022063

  • Price: $3,049,900
  • Est. Mortgage of $/month
  • 19 Days on Market
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Federal 30-year interest rate: 6.81% last updated on Nov 27, 2024
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355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103355-357 Merrimack Street Manchester NH 03103
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    Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
    Listed by Mike Giannone of The Aland Realty Group

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    Gilman Real Estate

    Your Local Office

    More Info »
    Gilman Real Estate
    Office: 603-772-0808
    39 Front St
    Exeter, NH 03833

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    Tax Information

    • Tax Year2024

    Building

    • Year Built1920
    • Building ConstructionWood Frame, Vinyl Siding
    • Units5
    • Unit 1 Bath1
    • Unit 1 Bedrooms2
    • Unit 2 Bath1
    • Unit 2 Bedrooms2
    • Unit 3 Bath2
    • Unit 3 Bedrooms2
    • Unit 4 Bath1
    • Unit 5 Baths1
    • Unit 5 Bedrooms3
    • # of 1 Bedrooms1
    • # of 2 Bedrooms3
    • # of 3+ Bedrooms1
    • BasementUnfinished
    • FoundationStone

    Basic Information

    • StatusACT
    • List Price$3,049,900
    • Date Price Change11/13/2024
    • MLS Number5022063
    • MLS StatusActive

    Property

    • Acreage0.13
    • GarageNo
    • Parking Spaces
    • Lot DescriptionLevel
    • Lot26
    • Square Feet4,541
    • APX Fin AG Sqft4,541
    • Road Frontage80
    • AreaNH-Hillsborough

    Amenities

    • PricePerSqFt671.64

    Other

    • Taxes$8,735.96
    • Seasonal Y/NNo
    • Operating Expenses23268
    • Date Listed11/13/2024
    • Unit 1 Deposit$1,300
    • Unit 2 Rent Amount$1,700
    • Unit 3 Rent Amount$1,450
    • Unit 4 Rent amount$1,500
    • Unit 5 Rent amount$1,650

    Location

    • TownManchester
    • StateNH
    • Zip03103
    • CountyHillsborough
    • ZoningResidential
    • Elementary SchoolBeech Street School
    • Junior HighSouthside Middle School
    • High SchoolCentral High School
    • Address355-357 Merrimack Street
    • Flood Zone Y/NNo

    Exterior

    • RoofShingle - Asphalt

    Utilities

    • Heat SystemNatural Gas, Hot Water
    • Electric100 Amp
    • SewerPublic
    • UtilitiesCable, Other, Phone
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    Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 2, 2024 2:08 AM EST

     

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