72 class-B multifamily units across 10 buildings in Barrington & Lee, NH.
The majority of units rent-ready with only ~10% requiring full renovation
Average rent of $1,884 at acquisition vs. market rent of $2,099 (+12%).
Excellent going-in cap rate of 7.1%, vs. 6.25% market rate
$207K/unit purchase price vs. $220K/unit market value
Positive leverage with debt at 6.7% with 75% LTV
A 26-year owner who has meticulously maintained the property (and who lives on site). The deal was sourced direct-to-seller through a multi-year mail campaign.
