Listed by Mike Giannone with The Aland Realty Group 603-501-0463

Active

489 Pine Street

Manchester NH, 03104

$3,049,900


$744.79 per sqft

Active

9 Beds

8 Baths

4,095 sqft

Multi-family

Built in 1920

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!

5022062

MLS ID

November 13, 2024

Listed

November 25, 2024

Updated

Map

489 Pine Street
Manchester NH, 03104

Interior Features

Bedrooms

9


Total Bathrooms

8


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Air, Gas - Natural

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Flat


Sewer

Public

School Information

School District

Annual


High School

Central High School


Elementary School

Beech Street School

Other Property Details

Area Name

NH-Hillsborough


Taxes

$8,877


Tax Frequency

Annually


Days on Market

1


Garage

Yes


Garage Spaces

1


Parking

Detached


View

No


County

Month to Month


Pool

No

Listed by Mike Giannone with The Aland Realty Group 603-501-0463

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