March 31, 2020 – William Peck of Horvath & Tremblay successfully completed the sale of 62 Milford Street in Manchester, NH for $350,000. The multi-family property closed at a 6.78% cap rate.
62 Milford Street, a value-add 4-unit apartment building, is well-located less than one block from South Main Street in Manchester’s Piscataquog neighborhood. The building contains 6 bedrooms and 4 bathrooms in 2,640 square feet of living space on a 0.15-acre lot. The property includes ample off-street parking and a detached two-car garage. 62 Milford Street benefits from an excellent location in Manchester, New Hampshire’s largest city, that provides many walkable amenities and convenient highway access to Interstate 293. 62 Milford 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.