Log in Subscribe Front Page Current Issue Real Briefs Recent Trades Subscribe/Renew Events Advertise Contact Us
Sat, Jun 15
A Compendium of Property & Capital News
Jun 15

Six Building Southern New Hampshire Multifamily Portfolio Sold for $3.85M

April 19, 2023

Newton — Northeast Private Client Group has completed the sales assignment of a Southern New Hampshire Multifamily Portfolio in Newton & Kingston, New Hampshire for $3,850,000 Senior Associates Drew Kirkland, Francis Saenz, and Jim Casey represented the seller and procured the buyer for the multifamily transaction. The Southern New Hampshire Properties are located in Newton & Kingston, New Hampshire.

The portfolio includes (6) six 4-unit buildings across two locations with two (2) one-bedroom and 22 two-bedroom floorplans. The properties feature ample off-street parking with landlord-paid heat & hot water and separately metered tenant-paid electric.

“Because of our competitive marketing process, we were able to provide our sellers a high price per unit and low cap rate for a generational family asset. Through renovations and capital expenditures, the buyer will have the opportunity to bring rents up to market and generate significant cash flow,” said Jim Casey, Senior Associate at NPCG.