Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. 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/Sewer
Construction: Wood Frame | Vinyl Exterior
Year Built: 1920
Style: Apartment Building
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5460
Above Grade Sq.Ft.: 4095
Basement: Full
Foundation: Stone
Roof: Flat
Garage And Parking: Detached
Seasonal: No
Heating: Natural Gas | Hot Air
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Other | Phone
Electric Meters:
Gas_Meters: 9
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.11 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 65
Driveway: Paved