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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$3,049,900

MLS# 5022062
4095 sq.ft. Bedroom | 0 Bathroom
Multi Family
489 Pine Street Manchester NH 		 
$3,049,900 | $745 per sq.ft. | MLS# 5022062 A 8  Unit Multi Family Home, 489 Pine Street Manchester NH With 7 - One Bedroom Units | 1 - Two Bedroom Units

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!

Annual Expenses
Taxes: $8,877 		    Income Gross Income | $
NetIncome | $
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
Rent : 1235.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 300
Style : Studio
Rent : 1100.00 Monthly
Status : Month to Month
UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 250
Style : Studio
Rent : 1200.00 Monthly
Signed Lease : Yes
UNIT 6 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 340
Style : Studio
Rent : 1275.00 Monthly
Signed Lease : Yes
Status : Leased
UNIT 7 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 250
Style : Studio
Rent : 1200.00 Monthly
Status : Leased
UNIT 8 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 340
Style : Studio
Rent : 1275 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Exterior | Price Per SQ.FT. 744.79 | Year Built: 1920
 LAND DESCRIPTION: LOT DESCRIPTION: Level
Avail.Sq.Ft.: 8
Livable Space: 4095
Above Grade Sq.Ft.: 4095
Below Grade Sq.Ft.: 0
Foundation: Stone
Heating: Natural Gas | Hot Air
Cooling: None
Electric: Circuit Breaker(s)
Style: Apartment Building
Roof: Flat
Water: Public
Sewer: Public
Lot size: 0.11 acres
Zoned: Residential R3
Surveyed: No
Flood Zone: No
Seasonal: No
Garage And Parking: Detached
Roads: Public
Road Frontage: 65
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $8,877  | Assesed Value $470,700 in 2023
SCHOOLS
School District: Manchester Sch Dst SAU #37
Elementary School: Beech Street School
Middle School: Southside Middle School
High School: Central High School
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  • 22436536
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  • 22436541
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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