39 Units Multi-Family Portfolio, Dartmouth Region

Multi-Family for Sale
Catylist Listing ID: 30851258
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 39 Units
Building Size (RSF): 32,715 SF
Gross Land Area: 2.99 Acres
Sale Price: $5,152,000
Unit Price: $132,102.56 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.38%
Average Occupancy Rate: 97
Last Updated: 3/1/2024

Overview / Comments

This is a portfolio sale. Total of 8 properties consisting 8 buildings. These properties are located in:
- Newport at 155 N Main St
- Claremont: 11 Fern St, 104 Summer St, 155 N. Main St, 22 Summer St, 220 Broad St, 35 South St, 65 Sullivan St, 8 Union St.

Unit Mix:
Studio: 1
1 Bedroom: 16
2 Bedroom: 10
3+ Bedroom: 12

Additional Details

Nearest MSA: Lebanon
County: Sullivan
Tax ID/APN: 132-32
Zoning: CR2
Percent Occupied: 97%
Property Located Between: Various
Highway Access: Various by each individual property
Area Description: This region captivates residents with its stunning landscapes and access to prestigious educational institutions, including Dartmouth College.
Total Number of Buildings: 8
Property Condition: Good
Construction/Siding: Aluminum Siding, Vinyl Siding
Exterior Description: Some of the properties boast new roofs, windows, and siding, enhancing curb appeal and reducing maintenance costs.
Parking Type: Surface
Parking Description: Each property has its own dedicated surface parking area for tenants, as well as some provide covered parking spaces.
Sprinklers: None
Heat Type: Electricity, Natural Gas, Propane, Oil, Hot Water, Steam, Other
Heat Source: Central, Wall Units, Other
Fuel: Gas, Oil, Electric, Propane
Air Conditioning: Other
Interior Description: With over $2M invested by the owner within the past 18 months, these properties have undergone extensive updates and renovations. Various units been updated at various times. Many units feature brand-new kitchens, modern appliances, upgraded flooring, plumbing and electrical, elevating the living experience for residents. Over 80% of hot water heaters have been upgraded, contributing to cost-saving measures and tenant satisfaction.
Zoning Description: Various
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: See individual deeds.
Legal Description: See individual deeds.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,100 10,627 17,914
Median Age: 34.08 39.56 41.88
Households: 890 4,515 7,420
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