August 12, 2021 – Will Peck of Horvath & Tremblay has arranged the sale of a four-unit multi-family property in Manchester, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $380,000.
The multi-family property is located at 541 Massabesic Street in Manchester, New Hampshire. The property consists of a 2.5-story, multi-family home containing four (4) units on a 0.11-acre parcel. The unit matrix includes one (1), 1-Bedroom/1-Bathroom unit, and three (3), 2-Bedroom/1-Bathroom units in 2,381 square feet of living area and 4,116 gross square feet. The Property is separately metered for electricity, heat, and hot water, which the tenants pay directly and includes five (5) off-street parking spaces. The Property benefits from an excellent location in downtown Manchester, New Hampshire’s largest city, that provides many walkable amenities, and convenient highway access to US Route 3 and Interstates 93 and 293. The Property is located in the Hallsville neighborhood, a densely populated urban-infill area featuring single and multi-family homes. The Property is across the Street from the Elliot Hospital campus and is within walking distance of a multitude of national and local retailers, restaurants, offices, and entertainment venues.
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.