February 1, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of a 6-unit multi-family building in Manchester, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $780,000.
The multi-family property is located at 243 Lake Avenue in Manchester, New Hampshire. The Property is improved by a three-story, multi-family building, containing six (6) large 3-Bedroom/1-Bathroom residential units with 7,161 square feet of living area, in 10,256 gross square feet, on a 0.115-acre parcel. The property also features low-maintenance vinyl siding and two (2) off-street parking spaces. Each unit is separately metered for electricity, gas heat and hot water, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. Centrally located in the heart of Manchester, the property is less than ½-mile from the SNHU Arena, Gill Stadium, Stanton Park, and Sheehan-Basquil Park, and is within walking distance of many of the retail amenities Manchester has to offer. 243 Lake is less than ½ mile from State Highway 3, which connects to Interstates 93 and 293, and less than 1-mile from both Southern New Hampshire University and University of New Hampshire at Manchester.
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.