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140 Madbury Rd 16 Unit Apartment Building $2,050,000 ($128,125/Unit) Durham, NH 03824
Investment Highlights
- 16 units
- 30 parking spaces
- .093± acres (plus 2 vacant abutting lots totaling 1.93± acres)
- 16 beds
- On-site laundry
- Tenant pays all utilities
Executive Summary
140 Madbury Road 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.
Property Facts Under Contract
| Price | $2,050,000 | Building Class | C |
| Price Per Unit | $128,125 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 14,080 SF |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RB - Residence B District | ||
| Price | $2,050,000 |
| Price Per Unit | $128,125 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 14,080 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | RB - Residence B District |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Kitchen
- Refrigerator
- Wi-Fi
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Property Taxes
| Parcel Number | DRHM M:101 L:33 | Improvements Assessment | $767,100 |
| Land Assessment | $733,300 | Total Assessment | $1,500,400 |
Property Taxes
Parcel Number
DRHM M:101 L:33
Land Assessment
$733,300
Improvements Assessment
$767,100
Total Assessment
$1,500,400
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140 Madbury Rd
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