January 30, 2024 – William Peck of Horvath & Tremblay has arranged the sale of an 11-unit multi-family property in Farmington, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $1,210,000.
The multi-family property is located at 9-11 Worster Street in Farmington, New Hampshire. The Property includes two adjacent buildings containing eleven (11) rental units on a 0.26-acre parcel. The unit matrix includes three (3), 1-Bedroom/1-Bathroom units, three (3), 1+Bedroom/1-Bathroom units, and five (5), 2-Bedroom/1-Bathroom units with 7,223 square feet of living area in 10,829 gross square feet. 9-11 Worster Street is located on a quiet tree-lined street in a residential neighborhood in the center of Farmington, New Hampshire. The Property is one block from Main Street and enjoys convenient access to the town’s restaurants, schools, and numerous parks and recreation areas. The Property is a short walk from Main Street (NH Route 153) and a COAST Bus Stop (public transportation for the New Hampshire Coastal communities) which provides a broad range of public transportation services, connecting and coordinating a robust network of transportation options for residents and visitors. The Property is seconds from NH Route 75 and is approximately 6-miles from the junctions of NH Routes 11, 16, 125, and US Highway 202. Additionally, the Property is 6-miles from Downtown Rochester, the area’s largest city which provides access to more restaurants and shopping as well as larger retailers like Walmart, Kohl’s, Home Depot, Lowe’s, and several grocery stores including Market Basket and Hannaford.
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.