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

$3,049,900

MLS# 5022063
4541 sq.ft. Bedroom | 0 Bathroom
Multi Family
355-357 Merrimack Street Manchester NH 		 
$3,049,900 | $672 per sq.ft. | MLS# 5022063 A 5  Unit Multi Family Home, 355-357 Merrimack Street Manchester NH With 1 - One Bedroom Units | 3 - Two Bedroom Units | 1 - Three Bedroom Units

Description:
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!

Annual Expenses
Taxes: $8,736 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 900
Tenant Pays : Electric
Rent : 1300.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 900
Tenant Pays : Electric
Rent : 1700.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 2
Baths: 2
Sq.Ft.: 800
Rent : 1450.00 Monthly
Status : Month to M
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 600
Rent : 1500.00 Monthly
Status : Leased
UNIT 5 INFORMATION

Beds: 3
Baths: 1
Rooms: 0
Sq.Ft.: 1220
Style : single family home
Rent : 1650.00 Monthly
Signed Lease : Yes

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Price Per SQ.FT. 671.64 | Year Built: 1920
 LAND DESCRIPTION: LOT DESCRIPTION: Level
Livable Space: 4541
Above Grade Sq.Ft.: 4541
Below Grade Sq.Ft.: 0
Foundation: Stone
Heating: Natural Gas | Hot Water
Cooling: None
Electric: 100 Amp
Style: Apartment Building
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.13 acres
Zoned: Residential
Surveyed: No
Flood Zone: No
Seasonal: No
Garage And Parking: Off-Site | On-Site
Roads: Public
Road Frontage: 80
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $8,736  | Assesed Value $463,200 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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15 Buck Rd. Hanover, NH 03755 603-643-3942

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