Well maintained boarding house currently used for eight students. Large lot w/parking, walk to downtown, great rental history. Current NOI is $64,000. See broker for financial info.
An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of New Hampshire's most sought-after college communities.
This brand new 4-bedroom colonial includes a spacious Accessory Dwelling Unit("ADU"), a large ground-level apartment. Family members can walk, instead of having to drive, to schools, activities, and all this college town has to offer. The new main house is free and open, having been designed for ease of living, comfort, flexibility, and durability. Its thoughtfully selected state of the art features are too numerous to list here but include quartz countertops with tile backsplash, microwave drawer, vent-out chimney hood over the gas range, possible EV hook-up in the garage, and on the deck a gas connection for a grill. The ADU has its own separate entrance, driveway, and parking. Historically, it began as the “Garrison house” of a distinguished colonial patriot. Original wood gunstock corners, beams, and cupboards and the facades of the original fireplaces remain as charming features, though you'll appreciate that it has been brought up to modern living standards, examples being central AC, energy efficiency upgrades and a great kitchen with new appliances. All its systems are separate from those of the main house. Something old, something new, ready for your particular life-style. Also listed as MLS#5087372
10-14 Strafford Avenue 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. The other properties in the portfolio are 140 Madbury Road MLS # 5074759 (140 MAST ROAD IS CURRENTLY UNDER CONTRACT.) and 260 & 262 Mast Road MLS#5074763.
260 & 262 Mast Road are 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. The other properties in the portfolio are 140 Madbury Road MLS#5074759 (140 MADBURY ROAD IS CURRENTLY UNDER CONTRACT.) and 10-14 Strafford Avenue MLS#5074767.
Durham is located in New Hampshire. Durham, New Hampshire has a population of 15,410. Durham is more family-centric than the surrounding county with 37.27% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Durham, New Hampshire is $87,396. The median household income for the surrounding county is $76,560 compared to the national median of $69,021. The median age of people living in Durham is 20.6 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 47.1 inches per year, with 52.5 inches of snow per year.
