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!
Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Other,Snow Removal,Utilities,Water/Sewer
Construction: Wood Frame | Vinyl Siding
Year Built: 1920
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6964
Above Grade Sq.Ft.: 4541
Basement: Unfinished
Foundation: Stone
Roof: Shingle - Asphalt
Garage And Parking: Off-Site | On-Site
Seasonal: No
Heating: Natural Gas | Hot Water
Cooling: None
Electric: 100 Amp
Utilities: Cable | Other | Phone
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.13 acres
Zoned: Residential)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 80
Driveway: Paved