Kirkland, Saenz, and Casey of Northeast Private Client Group sell $3.85 million multifamily portfolio

Kingston, NH Northeast Private Client Group (NEPCG) brokered the $3.85 million sale of a southern New Hampshire multifamily portfolio in Newton and Kingston. Senior associates Drew Kirkland, Francis Saenz, and Jim Casey represented the seller and procured the buyer.

The portfolio includes six 4-unit buildings across two locations with two 1-bedroom and 22 two-bedroom floor plans. The properties feature off-street parking with landlord-paid heat and hot water and separately metered tenant-paid electric.

“Because of our competitive marketing process, we were able to provide our sellers a high price per unit and low cap rate for a generational family asset. Through renovations and capital expenditures, the buyer will have the opportunity to bring rents up to market and generate significant cash flow,” said Casey.