October 14, 2020 – Will Peck of Horvath & Tremblay has arranged the sale of a 3-unit multi-family building in Manchester, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $329,500.
The multi-family property is located at 759 Grove Street in Manchester, New Hampshire. The Property is improved by a two-story, multi-family building, containing three (3) rental units on a 0.14-acre lot. The unit matrix includes one (1) studio unit, one (1) 1-Bedroom/1-Bathroom unit and one (1) 3-Bedroom/2-Bathroom units in 1,596 square feet of living area and 3,489 gross square feet. 759 Grove Street features separately metered electricity and gas (heat and hot water), which the tenants pay directly, two new combination boilers, on-site laundry and ample off-street parking. The Property benefits from an excellent location in Manchester, New Hampshire’s largest city, that offers quick access to Interstates 93 and 293, The Mall of NH retail trade area, Downtown Manchester amenities and public transportation via Manchester Transit bus service. The Property is less than half a mile from Elliot hospital and within walking distance of a multitude of national and local retailers, restaurants and entertainment.
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.