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14 Amory Street

William Peck Of Horvath & Tremblay Facilitates $3.2M Sale Of Nashua Multifamily Units
SOLDMultiFamily

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:

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.

Players

William Peck

Horvath & Tremblay

Broker

$71.2M

vol

14 deals

Broker

Nashua MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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