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187,355-357,489 Merrimack, & Pine Street 3 Multifamily Properties Offered at $4,329,128 CAD in Manchester, NH



Investment Highlights
- walkability
Executive Summary
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $27,805, totaling a gross annual income of $333,660. 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 $10,765. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9100. 355-357 Merrimack St has five (5) totalunits 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 returnstotal $7905. 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 ofthis opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. This property must be sold as a 19-unit portfolio. For additional information, including the Offering Memorandum (OM), unit breakdowns, disclosures, rent roll, financials, and other due diligence materials, please inquire with the listing agents.
Property Facts
| Price | $4,329,128 CAD | Status | Active |
| Price / SF | $277.94 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.08% | Total Building Size | 15,576 SF |
| Sale Type | Investment | Total Land Area | 0.42 AC |
| Price | $4,329,128 CAD |
| Price / SF | $277.94 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.08% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 15,576 SF |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 187 Merrimack St, Manchester, NH 03103 | Multifamily | 6,750 SF | 1910 | - |
| 355 Merrimack St, Manchester, NH 03103 | Multifamily | 4,731 SF | 1920 | - |
| 489 Pine St, Manchester, NH 03104 | Multifamily | 4,095 SF | 1920 | - |
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187,355-357,489 Merrimack, & Pine Street
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