May 21, 2021 – Will Peck, Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of the Nashua Multi-Family Portfolio in Nashua, New Hampshire. Horvath & Tremblay represented both buyer and seller to close the property at a sale price of $3,000,000.
The Nashua Multi-Family Portfolio is a portfolio of investment properties located in Nashua and Litchfield, New Hampshire. In total, the Portfolio consists of 29 residential units in 7 buildings centered around Walnut Street in downtown Nashua. Two of the seven properties representing twelve units are located a few miles outside Nashua in neighboring Litchfield, NH. The Portfolio consists of seventeen (17) 1-Bedroom/1-Bathroom units, nine (9) 2-Bedroom/1-Bathroom units, and three (3) 3-Bedroom/1-Bathroom units in 23,674 square feet of living area and 40,940 gross square feet. The Nashua Portfolio provided the rare opportunity to acquire a critical mass of value-add investment properties in a supply-constrained downtown market within one of southern New Hampshire’s core cities. The Properties are well located within Nashua’s downtown and provide many walkable amenities (shopping, dining, and entertainment) and convenient access to Mine Falls Park and the Nashua Riverwalk. Over the last several years, the current ownership has renovated the majority of the units. All of the units are separately metered for electricity and most are separately metered for gas heat and hot water (the seller is responsible for oil heat and hot water in the two Litchfield properties). More than half of the properties feature new roofs, most common areas have been cosmetically upgraded and enhanced, and many of the kitchens have been redone with new countertops and modern amenities.
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.