Pittsfield Portfolio: 76 Units in Pittsfield, NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30277392
Status: Pending/Contingent
Number of Units: 76 Units
Building Size (RSF): 60,883 SF
Gross Building Area: See Agent
Sale Price: $3,040,000
Unit Price: $40,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 16.4%
Last Updated: 3/5/2019

Overview / Comments

Please to present The Pittsfield Portfolio: A once-in-a-lifetime opportunity to acquire a large rental portfolio in Pittsfield, NH. This portfolio includes 76 units across 12 buildings with 74 apartments, one restaurant, and one office (currently used as the management office). Having been professionally managed over the duration of ownership, this portfolio has a strong cash flow, a steady rental history, and many upgraded buildings and units. There is a blend of studio, one-bedroom, two-bedroom, and three-bedroom apartments, providing for a balanced availability of apartments. With an aggressive pricing of only $40,000 per unit, this portfolio is being offered at a strong 16.4% cap rate. Please see the marketing package for more information.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 000000000000
Property Condition: Good
Heat Type: Propane, Oil, Steam
Heat Source: Baseboard, Wall Units
Fuel: Oil, Propane
Air Conditioning: Window Unit

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,143 9,233
Median Age: 40.03 41.04
Households: 1,955 3,468


Photograph of Listing Agent

Matthew Lefebvre

Elm Grove Realty NECPE Member
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