Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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!
Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Other,Snow Removal,Utilities,Water,Water/Sewer
Construction: Wood Frame | Vinyl Siding
Year Built: 1910
Style: Apartment Building
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 6469
Above Grade Sq.Ft.: 4410
Basement: Unfinished
Foundation: Stone
Roof: Slate
Garage And Parking: Off Street
Seasonal: No
Heating: Natural Gas | Space Heater
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Utilities: Cable | Cable - Available | Phone
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.16 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 80
Driveway: Paved