307 Merrimack Street Manchester, NH 03103

$1,995,000
307 Merrimack Street, Manchester, NH 03103
4692829
Broker: Elm Grove Realty

Multi-Family Home for sale in Manchester, NH

for $1,995,000 with 21 full baths. This 17,641 square foot home was built in 1920 on a lot size of 0.43 Acre(s).

Property Information

  • $1,995,000
  • 21 Full Baths
  • Multi-Family
  • 17,641 Square Feet
  • Taxes are $28,507
  • Apartment Building
  • Active
  • 3 Floors
  • Lot size of 0.43 Acre(s)
  • Built in 1920
  • Manchester, NH
  • East End Neighborhood
  • Hillsborough County
  • MLS/Web ID is 4692829
  • Listing Agent is Matthew Lefebvre

Description

The Allyson Apartments are now available for sale! This painstakingly renovated, Victorian-style apartment building is the crown jewel of any investment portfolio. This is a Manchester Historic Preservation Award Winning property for the numerous upgrades that were made; including the lengths the owner went through to preserve the original coloring and siding of the building, while still encapsulating it in a special lead barrier compound. This entire building has a lead-safe certificate but still looks as impressive as the day it was built! Ornate decorations are scattered throughout adding to the old-world charm. Not only is this building beautiful, it also provides impressive cash-flow and most large capital expenditures taken care of over the duration of ownership. Professionally managed and maintained, this 21 unit investment portfolio features 18 two-bedroom apartments in the main building, and 1 one-bedroom apartment, 1 two-bedroom apartment, and 1 three-bedroom apartment in the additional 411 Maple Street (sold as part of the package). Between both parcels, this portfolio features 21 apartments, 30 off-street parking spaces, coin-operated laundry, and boasts a 9% cap rate. Look no further than The Allyson Apartments for a turnkey investment portfolio with some room to continue to add value. Buildings included in sale: 307 Merrimack Street & 411 Maple Street.

Interior 4

Basement

  • Basement
  • Full Basement
  • Other

Heating Source

  • Hot Air
  • Natural Gas

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 10

Construction

  • Wood Frame

Driveway

  • Paved Driveway

Foundation

  • Other
  • Stone

Garage

  • None

Lot Description

  • City/Village

Parking

  • 21-40 Parking Spaces
  • Off Site Parking
  • On Site Parking
  • Parking Spaces

Road Frontage

  • Paved
  • Public Road

Roof

  • Flat Roof
  • Rolled Roof

Separate Utilities

  • Other

Siding

  • Clapboard
  • Vinyl

Miscellaneous 3

Commercial

  • 200 AMP Electric

Other

  • Bulkhead

Utilities

  • Electric Circuit Breakers

† Excluded Feature

Listed By

Listing Agent: Matthew Lefebvre
Broker: ELM GROVE REALTY

307 Merrimack Street, Manchester, NH, 03103 is a Multi-Family Home for sale at $1,995,000 with 17,641 sqft and a lot size of 0.43 Acre(s). 307 Merrimack Street has 21.0 baths and was built in 1920. The property's zip code is 03103 which is in Manchester, NH

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Market Pricing

Average % of sale price Median % of sale price
All listings in Manchester $344,915 83 % below $275,000 86 % below
Multi-family listings in Manchester $390,749 80 % below $279,900 86 % below

Get the facts about Manchester, NH!

Population 111,097
Population Growth (since 2000) 4 %
Median Income $55,365
Median Age 37.74
Households w/ Children 26 %

Residential Dwellings

  • Owned 22435
  • Vacant 3265
  • Rented 23887

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363