1211-1217 Elm St - Apartments FOR SALE


Manchester, NH 03101- Downtown Manchester
$10,200,000 USD
781-776-4000
1211-1217 Elm St, Manchester, NH for Sale
$10,200,000 USD
Apartments - FOR SALE
1/12
null | 6.31% Cap Rate

1211-1217 Elm St
Manchester, NH 03101
Downtown Manchester


HIGHLIGHTS

  • Downtown Location & Access to Amenities
  • Attractive Unit Mix
  • Housing Demand
  • Scheduled Rent Increases
  • Recent Capital Improvements
  • Value-Add Potential

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Signature on Elm, a mixed-use investment property located at 1217 Elm Street in Manchester, New Hampshire (the “Property”). The Property is a three-story building that contains a total of forty-three (43) units. The Property consists of eight (8) commercial suites and thirty-five (35) residential units comprised of seventeen (17), 2-Bedroom/1-Bathroom units, thirteen (13), 1-Bedroom/1-Bathroom units, and five (5) Studio units with 40,690 square feet of living/rentable area in 56,476 gross square feet on a 0.491-acre parcel. Signature on Elm has undergone a gut renovation, which includes high-quality finishes, in-unit laundry, and additions of an elevator and mailroom. The redevelopment of the property has added a high end, modern look. The Property also features a low-maintenance brick exterior and twenty-two (22) on-site parking spaces. Centrally located in the heart of Manchester, Signature on Elm is adjacent to the intersection of Bridge Street and Elm Street (US Route 3), two of the area’s primary commercial and commuter corridors. The Property enjoys convenient access to Pulaski Park, SNHU Arena, Gill Stadium, Sheehan- Basquil Park, and is within walking distance of many of the retail amenities in Downtown Manchester. Signature on Elm is situated in an urban location in Manchester, seconds from US Route 3, which connects to Interstates 93 and 293. The area offers countless amenities, with ample dining, retail, and nightlife options.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

43

PRICE/UNIT

$237,209

CAP RATE

6.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Signature on Elm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

MNCH-000041-000000-000007

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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