187 Merrimack ST, Manchester, NH 03103 – 5022061 - Lisa Sevajian

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Lisa Sevajian

lisa.sevajian@compass.com +1(978) 457-3406

Listed by Mike Giannone • The Aland Realty Group

$ 3,049,900

Est. payment -/mo

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Active

187 Merrimack ST Manchester, NH 03103

10 Beds

6 Baths

4,410 SqFt

UPDATED:

11/13/2024 10:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,410 sqft

Price per Sqft $691

MLS Listing ID 5022061

Bedrooms 10

Full Baths 6

Construction Status Existing

Year Built 1910

Annual Tax Amount $10,112

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Description

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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential R3

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Description Off Street

Utilities Available Cable, Cable - Available, Phone

Roof Type Slate

Building

Story 3

Foundation Stone

Sewer Public

Construction Status Existing

Schools

Elementary Schools Beech Street School

Middle Schools Southside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

187 Merrimack ST Manchester, NH 03103

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187 Merrimack ST