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Bentley By The Sea

86 Lafayette Rd
Route 1
North Hampton, NH 03862
(603) 964-7277
355-357 Merrimack
Manchester, NH
MLS Number: 5022063
Price: $3,049,900.00
4541
Sq Feet
0.13
Acres (approx)
Listed Agent: Mike Giannone
Listing Office: The Aland Realty Group 603-501-0463
Listing Date: Nov 13, 2024 - Active

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!

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Basic Information
City/Town
Manchester
County
NH-Hillsborough
Taxes/Year
$8,735.96 / 2024
Year Built
1920
Garage
0 cars
Sq. Footage
4541 SF
School District
Manchester Sch Dst SAU #37
Elem School
Beech Street School
Middle School
Southside Middle School
High School
Central High School
Zoning
Residential
Lot Size
0.13 Acres (approx)
Property Features
Max Width
600 ft
Max Length
1 ft
Basement
Y
Basement
Unfinished
Driveway
Paved
Electric
100 Amp
Garage/ Parking
Off-Site, On-Site
Heating/ Cooling
Hot Water
Stories
2
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 11/23/2024.


Photos Updated on 11/14/2024 1:02 pm
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