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31218035
31218037

3 Locations

DG
MA9503235-RE-B
The Greene Realty Group
Listed by The Greene Realty Group
$1,600,000
76 days on market
Updated 32 days ago

Premier 19-Unit White Mountains Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Units 19
Cap Rate 10.94%
NOI $175,000
Pro-Forma Cap Rate 21.88%
Pro-Forma NOI $350,000
Buildings 3

Multifamily | 19 Units | $84,211/unit

Marketing description

  1. Instant 19-Unit Footprint: Acquire three strategic assets (75 W Main St, 56 Church St, 123 Agassiz St) in a single, streamlined transaction to dominate the local rental market.

  2. Heavy CapEx Completed: Massive capital expenditures have already been injected across the portfolio, completely shielding the next operator from deferred maintenance on major systems.

  3. 75 W Main Street (7 Units - Littleton): Premier location on the vibrant Main Street corridor. Features a newly installed, high-capacity whole-house water heater (1 year old, a $9,000 capital investment).

  4. 56 Church Street (8 Units - Littleton): The ultimate value-add crown jewel. Features long-term durability with a full metal roof, a 2-year-old oil tank, and a well-maintained 10-year-old heating system. Unit 2 features a complete, modern bathroom renovation (1 year old). Includes 6 income-producing units and 2 offline units requiring rehab for massive revenue spikes.

  5. 123 Agassiz Street (4 Units - Bethlehem): High-performing quadplex optimized for low maintenance. Features a 5-year-old metal roof, a brand-new (1-year-old) high-efficiency propane boiler system with unit-specific tanks, and three comprehensively renovated units (2 years old).

  6. Favorable Environment: Operate within a famously landlord-friendly legislative environment while benefiting from New Hampshire's zero state income tax.

  7. Transaction Guidelines: Proof of funds or commercial pre-approval is strictly required prior to the release of the confidential rent roll, trailing financials, and granting of interior access.

Investment highlights

Investment Description

An exclusive opportunity to acquire a commanding 19-unit footprint in one of Northern New England’s most supply-constrained and rapidly appreciating real estate markets. Anchored in the thriving economic hub of Littleton and the historic, high-demand neighboring town of Bethlehem, this three-property portfolio is tailor-made for the aggressive value-add operator, developer, or a 1031 exchange buyer seeking immediate scale with mitigated structural risk.

This portfolio presents a highly coveted blend of stabilized, day-one cash flow, heavily updated mechanical infrastructure, and explosive upside potential. The White Mountains region is currently experiencing a severe shortage of workforce housing, driven by relentless local economic expansion, regional hospital networks, and a booming year-round tourism industry. This macro-economic reality guarantees virtually zero vacancy and offers the new operator a clear, unobstructed runway to push current rents to premium market rates.

The true forced-appreciation engine of this package lies at the Church Street property, where a partially gutted rear building (due to prior moisture seepage) provides a blank canvas. This presents a massive, immediate ROI opportunity to pull permits, completely modernize the offline units, and drastically spike the portfolio's overall Gross Operating Income and final valuation.

Listing Contacts

DG
MA9503235-RE-B
The Greene Realty Group
Listed by The Greene Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,000.00
$14,583.33/mo

Valuation Metrics

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DSCR
10.94%
Cap Rate
10.94%
ROI

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