–Leading investment sales firm represents the sellers and procures the buyers for two multifamily properties in Dover, New Hampshire, and Rollinsford, New Hampshire–
Newton, MA (July 5,2023) -Northeast Private Client Group® (NEPCG) recently facilitated the sale of two multifamily properties in New Hampshire: Saint Thomas Street Apartments in Dover and 4th Street Apartments in Rollinsford. As a leading investment sales firm, NEPCG represented the sellers and successfully procured the buyers for both properties. The combined transaction value was $2,025,000.
The sale was executed by a team of professionals from NEPCG, including Senior Associates Brad Carlson, Drew Kirkland, Francis Saenz, Jim Casey, and Associate Brett Curtis. Their expertise and efforts were instrumental in representing the seller and finding suitable buyers for these multifamily properties.
Saint Thomas Street Apartments, located at 39 Saint Thomas Street in Downtown Dover, New Hampshire, offer a mix of (2) two one-bedroom and (3) three two-bedroom floor plans. The property is just 0.2 miles away from popular shops and restaurants. Investors can add value to the asset by renovating the units to a more modern look.
4th Street Apartments, located at 411 4th Street in downtown Rollinsford, New Hampshire, feature (4) four one-bedroom and (2) two two-bedroom floor plans. The property is conveniently located, just one mile from downtown South Berwick, Maine, and four miles from downtown Dover, New Hampshire. Similar to the Saint Thomas Street Apartments, investors have the potential to enhance the asset’s value by renovating the units to a more contemporary style.
“As a result of our competitive marketing process, we secured a high price per unit and a quick closing timeline for our sellers. On day one, the buyer has strong cash flow between the buildings, and through renovations, there is a significant upside to increase their return. The New Hampshire seacoast towns have had a strong rental and population growth over the past years, and I believe we will see this trend continue over the coming decades.” – Brett Curtis, Associate
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.