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Multifamily

Harvard Street Apartments

637 Harvard St, Manchester, NH 03103

Listing Price: $1,330,000

Cap Rate
7.30%
Number of Units
6
GRM
10.10
Occupancy
100.0%
Price/Unit
$221,667
Price/Gross SF
$201.03
Gross SF
6,616

Investment Overview

Marcus & Millichap is pleased to present 637 Harvard Street for sale, a multifamily investment opportunity consisting of 6 apartments located in Manchester, New Hampshire. The property is being offered individually or in portfolio with 513-517 Chestnut Steet (6 Units) and 520 Beech Street (4 Units). 637 Harvard Street is a newly renovated property providing exceptionally stable current cash flow in an area poised to grow steadily and deliver strong rent increases year over year.

Investment Highlights

  • Asking 7.3% Current Cap Rate | 7.6% Pro-Forma Cap Rate | 16.9% IRR and 3.7X Equity Multiple on 10-Year Hold
  • Heavily Renovated property – Units and All Building New Electrical, with Significant New Plumbing, New Roof, and Select New Heating Systems. Large separate garage on property brings in revenue
  • Highly financeable. No major Capital Expenditures Required to Achieve Pro-Forma. Additional building (garage) on property produces income.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) NH: 077795

    New Hampshire

Financing By

Multifamily

Harvard Street Apartments

Listing Price: $1,330,000

Cap Rate
7.30%
Number of Units
6
GRM
10.10
Occupancy
100.0%
Price/Unit
$221,667
Price/Gross SF
$201.03
Gross SF
6,616

Investment Highlights

  • Asking 7.3% Current Cap Rate | 7.6% Pro-Forma Cap Rate | 16.9% IRR and 3.7X Equity Multiple on 10-Year Hold
  • Heavily Renovated property – Units and All Building New Electrical, with Significant New Plumbing, New Roof, and Select New Heating Systems. Large separate garage on property brings in revenue
  • Highly financeable. No major Capital Expenditures Required to Achieve Pro-Forma. Additional building (garage) on property produces income.

Investment Overview

Marcus & Millichap is pleased to present 637 Harvard Street for sale, a multifamily investment opportunity consisting of 6 apartments located in Manchester, New Hampshire. The property is being offered individually or in portfolio with 513-517 Chestnut Steet (6 Units) and 520 Beech Street (4 Units). 637 Harvard Street is a newly renovated property providing exceptionally stable current cash flow in an area poised to grow steadily and deliver strong rent increases year over year.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): NH: 077795

    New Hampshire

Financing By

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