William Peck Of Horvath & Tremblay Represents Sale Of 18-Unit Multifamily Portfolio In Manchester For $2.65M
227 Amory Street, 237 Amory Street & 509 Beech Street
$2,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 1, 2024
AI
The property involved in this transaction is a multifamily portfolio located at 227-237 Amory Street & 509 Beech Street in Manchester, NH. The asset consists of 18 units and was sold for $2,650,000, which equates to a price per unit of $147,222.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 18
- Price Per Unit: $147,222
- Broker: William Peck - Horvath & Tremblay
- Sale Date: 11/01/2024
- Market: Manchester, NH
William Peck from Horvath & Tremblay facilitated the sale of this portfolio, playing a significant role in the transaction process. The deal reflects the ongoing interest in multifamily investments in the Manchester area.
Manchester 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93