August 12, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of five multi-family units in Concord (Penacook), New Hampshire. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $655,000.
The multi-family property is located at 29-31 Washington Street in Concord (Penacook), New Hampshire. The Property consists of a three-story building with five (5) residential units, comprised of three (3), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units in 4,741 square feet of gross living area, in 8,461 square feet of total gross area, on a large 0.5-acre parcel. 29-31 Washington Street offers an excellent income stream with strong in-place rents and is located on a residential street just 0.1 miles from the intersection with Village Street (US Route 3), the area’s primary commercial and commuter corridor. 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, 29-31 Washington Street is a short 2-minute walk 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.