
Greenville, NH On August 28th, 2023 the sale of the three-property, 51-unit apartment portfolio occurred at the offices of Frasca & Frasca, PA.
The portfolio sold for $5.7 million ($111,765 per unit) and consisted of 21 one-bedroom, 28 two-bedroom and 2 three-bedroom apartments.
3 Bear Hill Rd. consists of 20 units on .3 acres and 12 Williams Rd. consists of 12 units on .5 acres, both in Hillsboro. 4-8 Acton Ct. consists of 19 units in two buildings, on .56 acres in Greenville.
Associate broker Joan Blais of Berkshire Hathaway HomeServices Verani Realty’s commercial division represented the seller and procured the buyer for this transaction.
Blais has been listing and selling real estate in New Hampshire and Palm Beach, Florida for decades helping her clients to attain their real estate goals. Her name
means real estate: Buy Lease Advise Invest Sell
She consistently ranks in the top 1% of the global Berkshire Hathaway HomeServices network for sales and has led Verani Realty’s commercial division in sales volume four out of the last five years.
Blais puts her decades of experience and contacts and knowledge of the current market to good use for her clients before, during and after a transaction. She works with owners, buyers and investors alike and has experience in product types ranging from office and retail to multifamily (her niche).
Verani Realty’s commercial division is a team of full time commercial real estate agents working in Southern New Hampshire and Northern Massachusetts, with reach into Maine and Vermont. They have specialists in all sectors of commercial real estate.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.