Highfield Commons - 96 Unit Multi Family
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||$240,653.12 Per Unit
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Overview / Comments
Highfield Commons is a Newly Constructed, 96 Unit apartment complex, consisting of 84, 3-bedroom Town-Home Style residences and 12, 2-Bedroom Garden Style residences. All units have 2 to 2.5 bathrooms. The opportunity for an investor to acquire 3 bedroom units is very rare. Families looking for more than the traditional box units find Highfield Commons the perfect alternative. Even more appealing, is that every unit has a garage space with room for tandem parking on the driveway. The commuter location of this development is also an attractive amenity that provides for a broader population of potential renters throughout the greater Portsmouth area.
To date, 72 units have been constructed and rented as available. Transfer of ownership will occur after the completion of all 96 Units, with a minimum of 95% Occupancy. The remaining units are under construction and will be delivered in phases throughout 2018. This is an ideal opportunity to secure an investment grade, multi-family development in this dynamic community. Escalating rents for future delivered units may be additional upside to the projected return.
Directly off the Spaulding Turnpike at Exit 13, Route 16 and Route 202, 20 minutes to Portsmouth, Naval Shipyard and the Seacoast.
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