List Price: $3,049,900 | $745 per sq.ft. Multi Family A 8 Unit Multi Family Home
With 7 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Nov 13, 2024 | MLS# 5022062
With 7 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Nov 13, 2024 | MLS# 5022062
To see this Listing
Address: 489 Pine Street Manchester NH
Listed by Mike Giannone The Aland Realty Group
Description:
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
Annual Expenses
Taxes: $8,877
Taxes: $8,877
Income
Gross Income | $122,520
NetIncome | $86,784
Gross Income | $122,520
NetIncome | $86,784
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 800
Tenant Pays : Electric,Heat
Rent : 1650.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 350
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Sq.Ft.: 350
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1235.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Sq.Ft.: 300
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1100.00 Monthly
Lease Term : Month to Month
Status : Month to Month
UNIT 5 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 250
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
UNIT 6 INFORMATION
Beds: 1
Baths: 1
Sq.Ft.: 340
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 7 INFORMATION
Beds: 1
Baths: 1
Sq.Ft.: 250
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1200.00 Monthly
Status : Leased
UNIT 8 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 340
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
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
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
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
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
Level
Lot size: 0.11 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 65
Driveway: Paved
Additional Information
Block - 0
Taxes $8,877
Assesed Value Not Reported
Block - 0
Taxes $8,877
Assesed Value Not Reported
Schools
School District: Manchester Sch Dst SAU #37
Elementary School: Beech Street School
Middle School: Southside Middle School
High School: Central High School
School District: Manchester Sch Dst SAU #37
Elementary School: Beech Street School
Middle School: Southside Middle School
High School: Central High School
