April 13, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of a 6-unit apartment building in Manchester, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $750,000.
The multi-family property is located at 653 Dix Street in Manchester, New Hampshire. The Property is improved by a three-story, multi-family building, containing six residential units on a 0.21-acre lot. The unit matrix includes three (3) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 5,451 square feet of living area in 9,883 gross square feet. The Property also features on-site parking for nine cars (a 3-car garage and 6 surface parking spaces). There are two private balconies, and the Property enjoys a corner lot in a residential neighborhood with mature trees and landscaping. 653 Dix Street features is located on a tree-lined street in the Somerville neighborhood of Manchester. The Property provides many walkable amenities and convenient highway access to Interstates 93 and 293, the Mall of New Hampshire retail trade area, Downtown Manchester amenities and public transportation via Manchester Transit bus service.
The Property is less than 0.8-miles from Elliot hospital and is close to a multitude of national and local retailers, restaurants, and entertainment. Manchester is the largest city in New Hampshire, and home to the University of New Hampshire – Manchester Campus and Southern New Hampshire University. It is home to the Manchester-Boston Regional Airport, the SNHU Arena, and numerous sporting venues. Manchester is a growing urban-infill, high-demand/supply-constrained residential market.
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.