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Bentley By The Sea

86 Lafayette Rd
Route 1
North Hampton, NH 03862
(603) 964-7277
187,355-357,489 Merrimack, & Pine
Manchester, NH
MLS Number: 5022060
Price: $3,049,900.00
12271
Sq Feet
0.40
Acres (approx)
Listed Agent: Mike Giannone
Listing Office: The Aland Realty Group 603-501-0463
Listing Date: Nov 13, 2024 - Active

An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.

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Basic Information
City/Town
Manchester
County
NH-Hillsborough
Taxes/Year
$27,755.24 / 2024
Year Built
1920
Garage
1 cars
Sq. Footage
12271 SF
Zoning
R3
Lot Size
0.40 Acres (approx)
Property Features
Max Width
0 ft
Max Length
10 ft
Basement
Y
Basement
Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Full, Insulated, Other, Stairs - Exterior, Stairs - Interior, Storage - Assigned, Storage - Locked, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
Driveway
Paved
Electric
100 Amp
Heating/ Cooling
Hot Air, Hot Water, Space Heater
Stories
3
Roof
Shingle - Asphalt
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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. Date last updated 11/21/2024.


Photos Updated on 11/14/2024 1:50 pm
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