187,355-357,489 Merrimack, & Pine Street Manchester, NH 03104
Multi-Family (2-4 Units)
MLS #: 5022060
Courtesy Of The Aland Realty Group, LLC
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Hot Water, Space Heater
- Lot Size: 0.4 Acres
- Roof Type: Asphalt
- Rooms: Basement
School Information
187,355-357,489 Merrimack, & Pine Street, Manchester, NH 03104
Elementary School
Grades KG-5 |
Public School
HENRY WILSON ELEMENTARY SCHOOL
Manchester, NH 03103
555 Cedar St
603.624.6350
Distance: 0.3 mi
School Rating
F
Student:Teacher Ratio
12:1
Total Students
427
Middle School
Grades 6-8 |
Public School
HILLSIDE MIDDLE SCHOOL
Manchester, NH 03104
112 Reservoir Ave
603.624.6352
Distance: 0.7 mi
School Rating
D-
Student:Teacher Ratio
12:1
Total Students
791
High School
Grades 9-12 |
Public School
MANCHESTER SCHOOL OF TECHNOLOGY (HIGH SCHOOL)
Manchester, NH 03103
100 Gerald Connors Cir
603.624.6490
Distance: 2.0 mi
School Rating
D
Student:Teacher Ratio
12:1
Total Students
383
High School
Grades 9-12 |
Public School
MANCHESTER CENTRAL HIGH SCHOOL
Manchester, NH 03104
535 Beech St
603.624.6363
Distance: 0.3 mi
School Rating
D+
Student:Teacher Ratio
14:1
Total Students
1246
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| St Augustin Preschool | 0.3 mi | Private | KG | |
| Beech Street School | 0.4 mi | Public | KG-5 | F |
| Mcdonough School | 0.6 mi | Public | KG-5 | C- |
| Kreiva Academy Public Charter School (m) | 0.6 mi | Public | 6-8 | |
| Kreiva Academy Public Charter School (h) | 0.6 mi | Public | 9-12 | |
| Ymca Of Downtown Manchester Early Learning Center | 0.7 mi | Private | PK-KG | |
| North End Montessori School | 0.8 mi | Private | PK-4 | |
| Trinity High School | 0.8 mi | Private | 9-12 | |
| Elliot Child Care Center | 0.8 mi | Private | PK-KG | |
| Cardinal Lacroix Academy | 0.9 mi | Private | PK-6 | |
| Hallsville School | 0.9 mi | Public | KG-5 | |
| Colorful Apples Learning Center | 1.0 mi | Private | PK-KG | |
| Smyth Road School | 1.1 mi | Public | PK-5 | C |
| St Benedict Academy | 1.2 mi | Private | PK-6 | |
| Bakersville School | 1.2 mi | Public | PK-5 | C+ |
| Manchester West High School | 1.3 mi | Public | 9-12 | F |
| St Marie Child Care Center | 1.3 mi | Private | PK-KG |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Manchester, NH 03104
| Median Age: | 39 |
|---|---|
| Married: | 37% |
| Number of Households: | 14,451 |
| Households with Children: | 21.9% |
Manchester, NH 03104
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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