December 2, 2019 – William Peck of Horvath & Tremblay successfully completed the sale of the 21 Elm Street for $350,000, which closed at a 6.27% cap rate.
21 Elm Street, a value-add 4-unit apartment building, is well-located at the corner of Elm Street and Queen City Ave in the revitalized Bakersville neighborhood just south of Manchester’s Downtown. The building contains 8 bedrooms and 4 bathrooms in 3,022 square feet of living space on a 0.11-acre lot. 21 Elm Street is located immediately across from the Bakersville Elementary School and Preschool. The property also offers quick access to I-293, The Mall of NH retail trade area, Downtown Manchester amenities, and public transportation via Manchester Transit bus service. 21 Elm Street offers the incoming buyer the opportunity to own a strong rental asset in one of the fastest growing real estate markets in the region.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.