April 1, 2022 – Dennis Kelleher, John Pentore and Will Peck of Horvath & Tremblay have arranged the sale of ten multi-family units in Concord (Penacook), New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,150,000.
The multi-family property is located at 6-10 High Street in Concord (Penacook), New Hampshire. The property includes two adjacent multi-family buildings with a total of ten residential units on a 0.26-acre parcel. 6-8 High Street is a two-story multi-family building, containing seven (7) units on a 0.13-acre parcel. 10 High Street is a 1.5-story multi-family building containing three (3) units on a 0.13-acre parcel. The combined unit matrix includes four (4), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, one (1), 3-Bedroom/1-Bathroom unit, and two (2), Studio units with 6,912 square feet of living area in 8,868 total gross square feet. The Property has been well maintained and features on-site parking, new vinyl siding and new v-rib seam metal roofs on both buildings. Some of the unit interiors have been renovated with new flooring and upgraded kitchens and bathrooms. Additionally, some of the mechanicals and electrical panels have been upgraded. 6-10 High Street is located on a residential street just 500 feet from the intersection of Village Street (US Route 3), the area’s primary commercial and commuter corridor, and Merrimack Street. The property is located in the north end of Concord (Penacook) and enjoys convenient access to area highways, shopping, restaurants, schools and numerous parks and recreation areas. Additionally, the Property is 500 feet from a bus stop along Village Street offering service throughout the area and to downtown Concord.
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.