NOT LISTED FOR SALE

307 Merrimack St Manchester, NH 03103

Kalivas-Union Neighborhood
-- Bed
21 Baths
17,641 Sq Ft
0.43 Acres

Last Sold October 31, 2018

Last sale price $1,845,000 $105 Per Sq Ft

100 Days on Market

About This Home

As of October 2018

Elm Grove Realty is pleased to offer for sale 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. For more information, please contact Matthew Lefebvre at 603-554-2309

Last Agent to Sell the Property

Matt Lefebvre

Downtown Realty License #070207 Listed on: 05/15/2018

Last Buyer's Agent

No MLS Listing Agent

No MLS Listing Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $28,507

Year Built

  • Built in 1920

Lot Details

  • 0.43 Acre Lot
  • Lot Sloped Up

Home Design

  • Victorian Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 21 Full Bathrooms
  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 21 Car Parking Spaces
  • Paved Parking
  • On-Site Parking
  • Off-Site Parking

Utilities

  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • 21 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Block 0001

Property Details

Home Type

Apartment

Est. Annual Taxes

$28,507

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Victorian
  • Directions: Take Rt-28 North (Maple Street) to the corner of Merrimack St and Maple St. Off-street parking available at building on northeast corner of Merrimack and Maple.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 104.59
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 23392
  • Sq Ft - Apx Total Finished: 17641
  • Year Built: 1920
  • Remarks Public: 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.
  • List Agent: 4927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Full, No Tenant Access
  • Sq Ft - Apx Finished AG: 17641
  • Sq Ft - Apx Unfinished BG: 5751

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard, Vinyl Siding
  • Foundation: Granite, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Flat, Rolled
  • Easements: Unknown

Garage/Parking

  • Parking: Off-Site, On-Site, Parking Spaces 21+, Paved

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Total Electric Meters: 4
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 21
  • Total Refrigerators: 21
  • Total Water Heaters: 2

Lot Info

  • Map: 0056
  • Lot: 0000
  • Lot Sq Ft: 18731
  • Lot Acres: 0.43
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 8423
  • Deed Page: 1728
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 21
  • Total Units: 21
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 19
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 28507
  • Tax Year: 2017

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $1,845,000 -2.7% $105 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/14/2018 08/14/18 Price Changed $1,897,000 -4.9% $108 / Sq Ft
06/21/2018 06/21/18 For Sale $1,995,000 0.0% $113 / Sq Ft
06/09/2018 06/09/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $1,995,000 -- $113 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt Lefebvre

    Seller's Agent in 2018

    Matt Lefebvre

    Downtown Realty

    (603) 554-2309

    6 in this area

    117 Total Sales

    Matt Lefebvre
    Section Image

  • N

    Buyer's Agent in 2018

    No MLS Listing Agent

    No MLS Listing Office

See All Agents

Map

Source: PrimeMLS

MLS Number: 4692829

PrimeMLS

New Hampshire Hillsborough County Manchester 03103 Kalivas-Union

307 Merrimack St, Manchester, NH

This home is located at 307 Merrimack St, Manchester, NH 03103 since 15 May 2018. This property was built in 1920. 307 Merrimack St is a home located in Hillsborough County with nearby schools including Wilson School, Hillside Middle School, and Manchester Central High School.

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