355-357 Merrimack Street, Manchester, New Hampshire, United States

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Home For Sale

$854,900

355-357 Merrimack Street
Manchester, New Hampshire, United States

10bd 6ba 4,541 sqft

Listed By: Homes & Land Magazine

Listed On: 12/10/2024

Listing ID: GL12001045 View More Details

Description

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 with 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. Current annual return over 7%+ CAP RATE. Offers excellent investment potential, so donrsquo;t miss your chance to own this income-generating Multi-family in Manchester, NH.