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67 Units - Student Housing 10-14 Strafford Ave 67 Unit Apartment Building $9,600,000 ($143,284/Unit) Durham, NH 03824
Investment Highlights
- 2 buildings in total
- 91 beds (maximum occupancy 182)
- On-site laundry
- 67 units
- 80 parking spaces
- 1.2± acres
Executive Summary
10-14 Strafford Ave offers a well-diversified unit mix ranging from studios to four-bedroom apartments, appealing to the broad spectrum of housing preferences within the University of New Hampshire student market. The property features onsite laundry facilities and ample onsite parking, with parking available to tenants for an additional fee.
The asset has a proven track record of exceptional operating performance, consistently maintaining near-100% occupancy, strong pre-leasing activity, and average annual rent growth of approximately 2.4% over the past six years. These strong fundamentals position the property to continue benefiting from the sustained demand for off-campus student housing.
The offering includes both 10 and 14 Strafford Ave, comprising a total of 67 units and 91 total beds. The property is being offered at a 7.75% capitalization rate based on the forecasted NOI, presenting investors with an opportunity to acquire a stabilized, high-performing student housing asset in a proven rental market.
The asset has a proven track record of exceptional operating performance, consistently maintaining near-100% occupancy, strong pre-leasing activity, and average annual rent growth of approximately 2.4% over the past six years. These strong fundamentals position the property to continue benefiting from the sustained demand for off-campus student housing.
The offering includes both 10 and 14 Strafford Ave, comprising a total of 67 units and 91 total beds. The property is being offered at a 7.75% capitalization rate based on the forecasted NOI, presenting investors with an opportunity to acquire a stabilized, high-performing student housing asset in a proven rental market.
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Kitchen
- Refrigerator
- Wi-Fi
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Key Fob Entry
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | RCHE-000120-000406 | Improvements Assessment | $530,200 |
| Land Assessment | $175,600 | Total Assessment | $705,800 |
Property Taxes
Parcel Number
RCHE-000120-000406
Land Assessment
$175,600
Improvements Assessment
$530,200
Total Assessment
$705,800
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