Stonehenge at Londonderry
48 Unit Apartment Building | $11,400,000 ($237,500/Unit) | 6.44% Cap Rate | Londonderry, NH 03053
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $11,400,000
- Property Type
-
Multifamily
- Square Feet
- 39,910 SF
Listing Contacts
Dennis Kelleher
Verified Profile
Amal Hadari
Verified Profile
- Property Info
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Stonehenge at Londonderry, a multi-family investment community located at 14 & 23-35 Stonehenge Road in Londonderry, New Hampshire (the “Property”). Stonehenge at Londonderry is comprised of forty-eight (48) 2-Bedroom/1-Bathroom residential units spread across eight (8) three-story buildings. The Property contains 36,998 square feet of living space in 39,910 square feet of gross area on eight individual tax parcels and a combined 17.88 acres of land. Stonehenge at Londonderry is located in a quiet residential area in the center of Londonderry. The community is positioned on several large, private wooded lots and offers its residents tranquil living in a rural setting while also providing convenient access to major roadways (NH Routes 28, 128, 102 and Interstate 93) and area shopping amenities just a few miles away along Rockingham Road (NH Route 28) and Nashua Road (NH Route 102) the area’s primary commercial corridors. The location also offers numerous outdoor recreation activities with boating, hunting, f ishing, hiking, and winter activities at nearby ski resorts. Londonderry is in southern New Hampshire in between Manchester, the state’s largest market, and Derry, the state’s fourth largest market. Londonderry is approximately 43-miles north of Boston and is considered part of the Boston MSA
Property Details
- Class
- C
- Year Built
- 1972
- Stories
- 3
- Lot Size (sq. ft)
- 778,853 SF
- Units
- 48
Highlights
- Convenient Location
- Proximity to Major Cities
- Value-Add Opportunity
- Area Recreation
- Strong Rental Demographics & Demand
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