August 24, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of a 21-unit apartment building in Manchester, New Hampshire. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,275,000.
The multi-family property is located at 160 Orange Street in Manchester, New Hampshire. The Property includes a 3-story, multi-family home, containing 15 rental units on a 0.21-acre lot. The unit matrix includes one (1) 3-Bedroom/1-Bathroom unit, two (2) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units and eight (8) studio units in 6,735 square feet of living area and 9,785 gross square feet. The Property features ample on-site parking and a laundry facility for tenants. 160 Orange Street has been recently renovated by the current ownership, with significant updates to the majority of the units as well as to the exterior of the building and common areas. 160 Orange Street is well positioned in a supply-constrained Downtown market within one of southern New Hampshire’s core cities. The Property is well located within Manchester’s Downtown and provides many walkable amenities (shopping, dining, and entertainment) and convenient access to SNHU Arena, several downtown parks (Veteran’s Memorial Park, Bronstein Park, and Victory Park), the banks of the Merrimack River, and area highways.
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.