307 Merrimack St, Manchester, NH 03103

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.