103 High Street

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

6-Unit Multifamily

September 2025 for $600,000

$800,000

Purchased in cash, refinance planned at 75% LTV