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.

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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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