187 Merrimack Street
Manchester, NH 03103
$3,049,900
Price
10
Beds
6
Baths
4,410 Sq. Ft.
$692 / Sq. Ft.
4,410
Sq. Ft.
$692
per Sq. Ft.
Description
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units...Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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!
- Listed by Mike Giannone • The Aland Realty Group
Property Details for 187 Merrimack Street
Parking
Off Street
ZoningResidential R3
LISTING UPDATED: 11/13/2024 10:02 PM
Property Details for 187 Merrimack Street
| Status | Active |
|---|---|
| MLS # | 5022061 |
| Days on Market | 34 |
| Taxes | $10,113 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 0.16 AC / 6,969 SF |
| County | Hillsborough County |
Building Information for 187 Merrimack Street
Stories3Residences6Year Built1910Building Size-Lot Size0.16 AC / 6,969 SF
Property Information for 187 Merrimack Street
Summary
Location and General Information
- City: Manchester
- County: NH-Hillsborough
- Directions: Take exit 5 to Granite St off 293. Continue up Granite, cross over Elm St. In .6 miles take a left onto Pine St. Take a right onto Merrimack St in 800 ft. Building is on the right.
- Latitude: 42.989235733911421
- Longitude: -71.458038495700833
- Road Frontage: Yes
- Seasonal: No
- State: NH
- Street Designation: Street
- Map: 0073
- Zip Code: 03103
Taxes and HOA Information
- Tax Year: 2024
- Taxes TBD: Yes
School Information
- School - High: Central High School
- School - District: Manchester Sch Dst SAU #37
- School - Elementary: Beech Street School
- School - Middle/Jr: Southside Middle School
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Block: 0
- Lot: 23
- Lot - Sqft: 6970.0
- Lot Features: Level
- Lot Size Acres: 0.16
- Road Frontage Length: 80.0
- Square Feet Apx Finished Above Grade: 4410.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Total: 6469.0
- Square Feet Apx Total Finished: 4410.0
- Square Feet Apx Unfinished Above Grade: 396.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1663.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Assessment Amount: $536,200
- Assessment Year: 2023
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Stone
- PreConstruction: No
- Surveyed: No
- Year Built: 1910
Utilities
- Electric: 100 Amp, Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable, Cable - Available, Phone
- Separate Utilities: Varies
- Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame, Vinyl Siding
- Roads: Public
- Roof: Slate
Interior Features
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Unfinished
- Total Full Baths: 6
- Heat Fuel: Gas - Natural
- Heating: Space Heater
- Cooling: None
- Total Refrigerators: 6
- Total Stories: 3
- Total Water Heaters: 6
Multi Family
Income & Expenses Information
- Gross Income: $97,500.00
- Net Income: $69,144.70
- Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Snow Removal, Utilities, Water, Water/Sewer
- Operating Expense: $28,457
Multi-Family Information
- Total Units: 6
- Total 1 BR Units: 2
- Total 2 BR Units: 4
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 830.0
- Unit 1 Rental Amount: $1,400.00
- Unit 1 Tenant Pays: Electric, Heat
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Status: Leased
- Unit 2 Level Number: 1
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 883.0
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,400.00
- Unit 2 Tenant Pays: Heat
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 1
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Month to Month
- Unit 3 Apx Sqft: 883.0
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,300.00
- Unit 3 Tenant Pays: Electric, Heat
Unit 4
- Unit 4 Lease Term: Month to Month
- Unit 4 Level Number: 3
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Apx Sqft: 600.0
- Unit 4 Bedrooms: 2
- Unit 4 Status: Month to Month
- Unit 4 Rental Amount: $1,450.00
- Unit 4 Tenant Pays: Electric, Heat
Unit 5
- Unit 5 Rental Agreement: Yes
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Month to Month
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Apx Sqft: 500.0
- Unit 5 Lease Term: Month to Month
- Unit 5 Rental Amount: $1,200.00
- Unit 5 Tenant Pays: Electric, Heat
Unit 6
- Unit 6 Rental Agreement: Yes
- Unit 6 Lease Term: Month to Month
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 1
- Unit 6 Apx Sqft: 1175.0
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Status: Month to Month
- Unit 6 Rental Amount: $1,300.00
- Unit 6 Tenant Pays: Electric, Heat
Rental
Rent Information
- Total Leases: 2
Property History for 187 Merrimack Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 187 Merrimack Street
Taxable ValueLand$67,700Additions$468,500Total$536,200
Tax Record2023$10,113 ($843 / month)
Home Facts
Baths6Total Finished SqFt4,410 SqFtAbove Grade Finished SqFt4,410 SqFtStories3Lot Size6,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyHILLSBOROUGHAPNMNCH M:0073 B:000 L:0023
Schools near 187 Merrimack Street
This home is within Manchester School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Beech Street School PublicK to 5 | ||
Henry J. Mclaughlin Middle School Public6 to 8 | ||
Manchester Central High School Public9 to 12 | ||
Manchester School Of Technology (High School) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Aland Realty Group
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 12/18/2024 12:17 AM
