Updated Dec 21, 2023
ENJOI 77 HOLDINGS, Aligned Real Estate Partners & AA Real Estate Group Acquire $4.025M Manchester Multifamily Property
601 Hevey St, Manchester, NH, USA
$4,025,000
$2,756/SF
Building Size
1,460 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
ENJOI 77 HOLDINGS, in collaboration with Aligned Real Estate Partners and AA Real Estate Group, has acquired a multifamily property portfolio in Manchester, NH. The portfolio consists of seven properties located at 301 Amory St., 55 Cleveland St., 202 Reed St., 352 Dubuque St., 416 Rimmon St., 558 Montgomery St., and 601 Hevey St.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,025,000
- Units: 40
- Price per Unit: $105,000
Zach Feldman of ENJOI 77 HOLDINGS, Axel Ragnarsson from Aligned Real Estate Partners, and Nick Aalerud of AA Real Estate Group represented the buyer's side in this transaction.
Players
Manchester 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
3.94%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93