August 27, 2020 – Will Peck of Horvath & Tremblay has arranged the sale of a six-unit multi-family property in Plymouth, New Hampshire. Peck exclusively represented the seller to complete the transaction at a sale price of $330,000.
The multi-family property is located at 145 Davis Road in Plymouth, New Hampshire. The property consists of a three-story, multi-family home containing six (6) units on a large 6.0-acre parcel with ample on-site parking and a two-car garage, that can be rented out to generate additional income. The unit matrix includes one (1), studio unit and five (5), 1-Bedroom/1-Bathroom units in 3,876 square feet of living area (4,836 square feet of gross area). The Property has historically operated at or near full occupancy with limited downtime between tenancies and features long-term tenants in place.145 Davis Road is located at the base of Tenney Mountain Resort, which has been subject to significant investments and improvements over the past five years. The property features ski in/ski out access to the mountain. Plymouth is home to Plymouth State University, which is part of the University System of New Hampshire and enrolls approximately 6,300 graduate and undergraduate students, making it a major draw to the town.
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.