July 8, 2024 – William Peck of Horvath & Tremblay has arranged the sale of an 11-unit multi-family property in Keene, New Hampshire. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,025,000.
The multi-family property is located at 42-44 Court Street in Keene, New Hampshire. The Property is improved by a three-story building contains eleven (11) units consisting of eight (8), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and one (1), 2+ Bedroom/1-Bathroom unit with 8,197 square feet of living area in 12,541 square feet of total gross area on 0.26-acres of land. The Property has below-market residential rents; the opportunity exists to increase residential rents to market rates in a highly sought-after, supply-constrained residential market increasing the income of the Property. 42-44 Court Street is situated in the center of Downtown Keene at the intersection of Summer Street and Court Street and is less than 500 feet from Washington Street, one of the primary streets connecting Downtown Keene with NH Routes 9 and 10. The Property is also just a short walk from Central Square (the city’s green) at the intersection of Central Square, Main Street, West Street, and Roxbury Street. The Property is 1-mile from NH Route 9 and 1.5-miles from NH Routes 10 and 101. Additionally, the Property is just 0.5-miles from Keene State College, and 1.4-miles from the Cheshire Medical Center/Dartmouth-Hitchcock Keene Hospital. Keene is the regional center for commerce, employment, and entertainment.
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.