Super investment package consisting of two downtown brick buildings with a total of 24 residential and 7 commercial units. Good cash flow, and many recent updates. Assumable 6.18% mortgage with a principal balance of approximately $1,200,000. All commercial units currently leased, as are most of the apartments. OWNER IS A LICENSED REAL ESTATE BROKER IN NH & MA
Residential Rental Portfolio Family Owned and Operated Since 1930 1 Single Family Home 3 Duplexes 1 Fourplex
Highfield Commons is a Newly Constructed, 96 Unit apartment complex, consisting of 84, 3-bedroom Town-Home Style residences and 12, 2-Bedroom Garden Style residences. All units have 2 to 2.5 bathrooms. The opportunity for an investor to acquire 3 bedroom units is very rare. Families looking for more than the traditional box units find Highfield Commons the perfect alternative. Even more appealing, is that every unit has a garage space with room for tandem parking on the driveway. The commuter location of this development is also an attractive amenity that provides for a broader population of potential renters. To date, 24 units have been constructed and rented as available. Transfer of ownership will occur after the completion of all 96 Units, with a minimum of 90% Occupancy. The remaining units are under construction and will be delivered in phases throughout 2016. This is an ideal opportunity to secure an investment grade, multi-family development in this dynamic community. Escalating rents for future delivered units may be additional upside to the projected return.