William Peck Of Horvath & Tremblay Facilitates $3.2M Sale Of Nashua Multifamily Units
14 Amory Street, 20 Amory Street, 26 Amory Street & 32 Amory Street
$3,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2024
AI
The multifamily property located at 14-20 and 26-32 Amory St., Nashua, NH, with 32 residential units, was recently sold for $3.2 million. The properties present an opportunity for rent increases to align with market rates by updating the units, situated in a sought-after urban infill residential market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 32
- Price Per Unit: $100,000
- Market: Nashua, NH
- Broker: William Peck - Horvath & Tremblay
William Peck from Horvath & Tremblay played a crucial role in facilitating the sale of the multifamily property at 14-20 and 26-32 Amory St. in Nashua, NH. The deal showcases the potential for property value enhancement through strategic updates to the residential units, catering to the demands of the urban infill residential market.
Nashua MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93