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.
Whitefield is located in New Hampshire. Whitefield, New Hampshire has a population of 2,503. Whitefield is more family-centric than the surrounding county with 24.48% of the households containing married families with children. The county average for households married with children is 21.71%.
The median household income in Whitefield, New Hampshire is $55,375. The median household income for the surrounding county is $52,054 compared to the national median of $69,021. The median age of people living in Whitefield is 50.7 years.
The average high temperature in July is 78.9 degrees, with an average low temperature in January of 2.4 degrees. The average rainfall is approximately 39.4 inches per year, with 84.6 inches of snow per year.
