140 Madbury Rd - Apartments FOR SALE


Durham, NH 03824
$2,050,000 USD
603-781-6546
140 Madbury Rd, Durham, NH for Sale
$2,050,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

140 Madbury Rd
Durham, NH 03824


HIGHLIGHTS

  • 16 units
  • 16 beds
  • 30 parking spaces
  • On-site laundry
  • .093± acres (plus 2 vacant abutting lots totaling 1.93± acres)
  • Tenant pays all utilities

OVERVIEW

140 Madbury Road is part of a student housing portfolio consisting of three distinct student-housing investment opportunities. Each property is available individually or as part of the portfolio. Each property features a diverse unit mix, ranging from studios to four-bedroom apartments, meeting the wide variety of preferences within the UNH student housing market. Whether students are seeking a convenient location within walking distance of campus or a quieter setting away from downtown activity, the Properties offer strong appeal. All properties provide onsite parking (available for an additional fee) and onsite laundry. With a long track record of near-100% occupancy, consistent pre-leasing, and average rent growth of approximately 2.4% annually over the past six years, the Properties are well-positioned to continue serving UNH students for years to come.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

16

PRICE/UNIT

$128,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

RB

APN/PARCEL ID

DRHM M:101 L:33

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.