103 High Street – Keene, NH
Strategic Narrative
We acquired this 6-unit residential multifamily at a below-market price, immediately gaining $200K in equity. The property had solid bones, three renovated units, and was located in a strong rental market.
Why This Deal Made Sense:
- $200K in instant equity
- 62% rent growth within months of purchase
- Strong fundamentals with long-term upside
What We Improved:
- No CapEx yet — ongoing strategy is to renovate units as they turn over
Biggest Wins:
- Cash closing secured an underpriced deal
- Rapid rent growth achieved without major investment
Investment Snapshot
Strategy:
Buy & Hold + Value-Add
CapEx Invested:
$0 (to date)
Instant Equity Created:
$200,000 at purchase
Plan:
Improve units gradually as tenants turn over
Unit |
At Purchase |
Current Rent |
| Unit 1 | $1,050 | $1,250 |
| Unit 2 | $940 | $1,175 |
| Unit 3 | Vacant | $1,575 |
| Unit 4 | $940 | $1,175 |
| Unit 5 | $900 | $1,175 |
| Unit 6 | $635 | $900 |
| Total | $4,465/month | $7,250/month (+62%) |
3D Tour
Deal Type:
6-Unit Multifamily
Acquired:
September 2025 for $600,000
Current Valuation:
$800,000
Capital Stack:
Purchased in cash, refinance planned at 75% LTV
