Catylist ID:
#30851258
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: | 9/26/2023 |
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 |
Attachments & Media
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. |
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 |
Contact
Viktoria V AlkovaCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member
David M GarveyCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member |
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