December 9, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of a 9-unit multi-family property in Rollinsford, New Hampshire. Peck represented the seller and procured the buyer to complete the transaction at a sale price of $1,220,000 and $135,556 per unit.
The multi-family property is located at 72 Oak Street in Rollinsford, New Hampshire. The Property consists of a two-story multi-family building containing a total of nine (9) residential units comprised of six (6), 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units. The building was constructed in 1968 and has 4,983 square feet of living area on a 0.69-acre parcel with ample on-site parking. Current rents are significantly below market rates. The opportunity exists to increase rents to market rates via programmatic updates to the unrenovated units in a highly desirable supply constrained residential market increasing the income generating potential of the asset. The Property is situated at the intersection of Oak Street and Rollins Road and sits on the border of Rollinsford and Dover. While located in Rollinsford, the Property is a short walk from downtown Dover, the city schools, and numerous parks and recreation areas like the Dover Community Trail and Henry Law Park. 72 Oak Street is 1.1-miles from a Shaw’s and a Hannaford Grocery Store, McDonald’s, Wendy’s, Panera, Chipotle, and countless local restaurants and taverns. Additionally, the Property is 2.6-miles from a Target and Walmart anchored shopping center with numerous national retailers.
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.