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Gray Property Group Places 20 Commercial Units Under Management

Gray Property Group has taken on another commercial client! We are now managing The Village In Nashua, a 20-unit office/retail condo building featuring a variety of businesses. Property management duties for commercial assets like this include condo fee collection, common area repairs/maintenance, accounts payable, and monthly reporting. By assuming these duties, we will enable the …

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Gray Places 15-Unit Apartment Portfolio Under Contract

Gray Property Group is pleased to announce that we have placed a 15-unit apartment portfolio in Manchester under contract to purchase. This portfolio is comprised of three mid-size multifamily buildings in quality areas of Manchester’s East Side: 68 Kenney Street, 84 Blodget Street, and 185 Calef Road. We plan to renovate all 15 units in …

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Gray Client Adds Abutting Multi-Family to Portfolio

Congratulations to our buyer client for closing on his purchase of 275 Lake Avenue in Manchester. Purchased for $415K, this property will have cash flow immediately after closing and has significant upside income potential of $300-$400 per unit per month. This client already owns the 12-unit next door, so he now enjoys the economy of …

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Gray Property Group Adds New Property Manager

Gray Property Group is pleased to announce the hiring of Mitch McLocklin to manage the Company’s in-house and third-party multi-family portfolio, which is currently comprised of ~$6M in total assets. Prior to joining the Company, Mitch worked as a property manager and construction supervisor at Duffley Development in Manchester. As the son of apartment landlords, …

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Huge Investment Success For GPG’s Caitlin Collins

One year ago, in July 2020, Gray Property Group’s Caitlin Collins closed on her first investment property, brokered by Nick Gray. They found the property off-market with low rents, but determined that it had high upside potential after a cosmetic renovation. Caitlin purchased the 12-bedroom 3-family on Manchester’s West Side for $310,000 with an FHA …

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Gray Secures Property Management of 12 Units in Manchester

We’re pleased to announce that we will soon be taking over management at this 12-unit apartment building at 285-287 Lake Avenue in Manchester. This property has been recently mismanaged and we look forward to implementing changes that will benefit both the tenant experience and the landlord’s bottom line. Once the property is stabilized, the landlord …

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