March 31, 2022 – Will Peck of Horvath & Tremblay has arranged the sale of a 6-unit multi-family building in Manchester, New Hampshire. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $525,000.
The multi-family property is located at 157 Notre Dame Avenue in Manchester, New Hampshire. The Property is improved by a three-story, multi-family building, containing six (6) rental units on a 0.22-acre lot. The unit matrix includes six (6), 1-Bedroom/1-Bathroom in 4,719 square feet of living area and 7,214 gross square feet. 157 Notre Dame Avenue offers off-street parking and a coin operated laundry facility. Additionally, the property features a newer rubber membrane roof, recently replaced windows, and vinyl siding. The property also features separately metered electricity and gas (heat and hot water), which the tenants pay directly. Landlord is solely responsible for water and sewer. The property is located along Notre Dame Avenue, one of the main North-South thoroughfares in Manchester, NH. The property is located on the western outskirts of Downtown Manchester, just across the Merrimack River. The location offers quick access to I-293, I-93 and US Route 3. The property also enjoys close proximity to The Mall of New Hampshire retail trade area, Downtown Manchester amenities, and public transportation (via the Manchester Transit bus service).
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.