November 27, 2024 – William Peck of Horvath & Tremblay has arranged the sale of a 3-unit multi-family property in Manchester, New Hampshire. Peck represented the seller and procured the buyer to complete the transaction at a sale price of $610,000.
The multi-family property is located at 393 Dubuque Street in Manchester, New Hampshire. The Property consists of a three-story multi-family building and contains three (3), 3-Bedroom/1-Bathroom residential units with 2,880 square feet of living area in 4,380 square feet of total gross area on a 0.115-acre parcel of land. Each unit is separately metered for electricity, gas fired heat, and gas fired hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer. The below market rents offer the potential for increased income on the Property. The opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market through programmatic upgrades to the unit interiors. 393 Dubuque Street is located on the west side of Manchester, just across the Merrimack River. The location offers quick access to Interstates 293 and 93, US Route 3 and NH Routes 114 & 114A. The Property also enjoys close proximity to the Catholic Medical Center (Hospital), Saint Anselm College, West High School, Downtown Manchester amenities, and public transportation (via the Manchester Transit bus service). 393 Dubuque Street also provides many walkable amenities (shopping, dining, and entertainment) and convenient access to area colleges and universities, SNHU Arena, several downtown parks, 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.