489 Pine ST, Manchester, NH 03104 - MLS#5022062 - Adam Gustafson

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Adam Gustafson

adam@todayrealestate.com +1(781) 696-3049

Listed by Mike Giannone • The Aland Realty Group

$3,049,900

Est. payment - /mo

9 Beds

8 Baths

4,095 SqFt

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UPDATED:

11/14/2024 01:08 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,095 sqft

Price per Sqft $744

MLS Listing ID 5022062

Bedrooms 9

Full Baths 8

Construction Status Existing

Year Built 1920

Annual Tax Amount $8,877

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. 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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential R3

Rooms

Basement Entrance Interior

Basement Full

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Spaces 1.0

Garage Description Detached

Utilities Available Cable, Other, Phone

Waterfront No

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Flat

Building

Story 3

Foundation Stone

Sewer Public

Construction Status Existing

Schools

Elementary Schools Beech Street School

Middle Schools Southside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

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Adam Gustafson

+1(781) 696-3049

Broker Manager | License ID: 9565668

Broker Manager License ID: 9565668

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