10-14 Strafford Ave - Apartments FOR SALE


Durham, NH 03824
$9,600,000 USD
603-781-6546
10-14 Strafford Ave, Durham, NH for Sale
$9,600,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

10-14 Strafford Ave
Durham, NH 03824


HIGHLIGHTS

  • 2 buildings in total
  • 67 units
  • 91 beds (maximum occupancy 182)
  • 80 parking spaces
  • On-site laundry
  • 1.2± acres

OVERVIEW

10-14 Strafford Ave offers a well-diversified unit mix ranging from studios to four-bedroom apartments, appealing to the broad spectrum of housing preferences within the University of New Hampshire student market. The property features onsite laundry facilities and ample onsite parking, with parking available to tenants for an additional fee. The asset has a proven track record of exceptional operating performance, consistently maintaining near-100% occupancy, strong pre-leasing activity, and average annual rent growth of approximately 2.4% over the past six years. These strong fundamentals position the property to continue benefiting from the sustained demand for off-campus student housing. The offering includes both 10 and 14 Strafford Ave, comprising a total of 67 units and 91 total beds. The property is being offered at a 7.75% capitalization rate based on the forecasted NOI, presenting investors with an opportunity to acquire a stabilized, high-performing student housing asset in a proven rental market.

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

67

PRICE/UNIT

$143,284

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

67 Units - Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

PO

APN/PARCEL ID

27 27,RCHE-000120-000406

ASK ABOUT THIS PROPERTY

Kent WhiteThe Boulos CompanyMore Info
603-781-6546

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Kent WhiteThe Boulos CompanyMore Info
603-781-6546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.