137 Unit Portfolio - Multifamily For Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30850401 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden, Mixed Use
|
| Number of Units: |
137 Units |
| Building Size (RSF): |
120,265 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
6.90 Acres
|
| Sale Price: |
$23,484,700 |
| Unit Price: |
$171,421.17 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Usable Size (USF): |
67,480 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.38% |
| Average Occupancy Rate: |
97 |
| Last Updated: |
9/19/2023 |
Overview / Comments
Portfolio of 137 fully-leased and stabilized Multi-Family units, in a strategic and diverse range of locations across New Hampshire:
- 62% of units are located in Hillsborough County, Southern NH
- 28% in the Upper Valley/Dartmouth Region
- 9% in the NH beautiful Lakes Region
This enticing portfolio offers the flexibility to be sold as a whole or divided into three smaller, highly desirable portfolios based on the location proximity. Units within this portfolio have been substantially updated and re-tenanted, aligning rents closer to the current market level. This ensures a strong competitive edge and attracts tenants seeking comfortable living spaces. With its combination of strategic locations, optimal flexibility, and upgraded units, this portfolio sale presents an opportunity for astute investors seeking to capitalize on the thriving real estate market in New Hampshire.
|
Additional Details
| Nearest MSA: |
Lebanon |
| County: |
Hillsborough |
| Tax ID/APN: |
107/78 |
| Zoning: |
VARIED |
| Percent Occupied: |
97% |
| Property Located Between: |
Various |
| Highway Access: |
Various by each individual property |
| Airports: |
Yes |
| Number of Stories: |
3 |
| Roof Type: |
Other |
| Construction/Siding: |
Aluminum Siding, Vinyl Siding, Wood Frame, Wood Siding, Other |
| Parking Type: |
Structure, Surface |
| Parking Description: |
Each property has its own dedicated surface parking area for tenants, as well as 7 private garages. |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas, Propane, Oil, Steam, Other |
| Heat Source: |
Central, Wall Units, Other |
| Fuel: |
Gas, Oil, Electric, Propane |
| Air Conditioning: |
Other |
| Interior Description: |
Unit's are in varied conditions, with a number of units having been updated at various times. All necessary repairs and maintenance have been addressed promptly at the time when needed. |
| Zoning Description: |
Various |
| Water Service: |
Municipal, Well, Other |
| Sewer Type: |
Municipal, Septic, Other |
| Easements: |
Other |
| Easements Description: |
See individual deeds. |
| Land Ownership: |
Fee Simple |
| Legal Description: |
See individual deeds. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,231 |
84,549 |
125,054 |
| Median Age: |
35.27 |
39.17 |
39.32 |
| Households: |
9,993 |
33,334 |
49,023 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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