Bought with A non PrimeMLS customer • A Non PrimeMLS Agency
$2,050,000
$2,050,000
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140 Madbury RD Durham, NH 03824
6,300 SqFt
Key Details
Sold Price $2,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $325
MLS Listing ID 5074759
Year Built 1979
Tax Year 2026
Lot Size 0.930 Acres
Property Description
140 Madbury Road along with two abutting vacant lots are 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. The other properties in the portfolio are 260 & 262 Mast Road MLS#5074763 and 10-14 Strafford Avenue MLS#5074767.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning RB
Interior
Cooling None
Exterior
Utilities Available Cable Available, Phone
Roof Type Asphalt Shingle
Building
Story 1
Sewer Public
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