30 Elm St, Whitefield, NH 03598

Description

An excellent opportunity to acquire a 10-unit multifamily portfolio in Whitefield, New Hampshire, consisting of an 8-unit multifamily property and an adjacent duplex.

Significant capital improvements and renovations have already been completed, while meaningful value-add potential remains for the next owner.

Property Highlights
10 total units across two adjacent lots: 8-unit multifamily property & Adjacent 2-unit duplex
7 of the 8 units have been renovated
1 unit is ready for renovation, providing an opportunity to implement the new owner's vision
9 out of 10 units are currently occupied
Current in-place rents: $10,325/month
Pro-forma rents: $13,100/month
Approximately $2,775/month of additional rental upside
Basement of the 8-unit has been completely rebuilt, including: New main carrying beam, structural supports and floor joists
New water heaters
New oil tank in 8 Unit
Recent exterior improvements include a new roof and vinyl siding

Substantial renovation work has already been completed, reducing the amount of heavy lifting required to capture additional upside

Value-Add Opportunity
The property offers an attractive combination of existing cash flow, completed improvements, and remaining upside. With seven of the eight units renovated in the 8 unit and significant structural and exterior improvements already completed, an investor can focus on lease-up, renovation of the remaining unit, and continued rent optimization.

The property is being offered below the in-hand appraisal value for the completed project, creating the potential for immediate value and additional upside through execution of the remaining improvements.