Gray Property Group is pleased to announce that it has completed the renovation of 6 Old Chester Road in Derry, now known as Liberty Manor Apartments. The Property, purchased in August 2019 for $520K, was fully renovated in stages over six months at a cost of $300K. The building’s annual rents were nearly doubled from $100K to $185K and, with net operating income now projected at $105K/year, the building appraises at $1.3M. The building has been re-financed to return all principal to limited partners with an 8% passive return and to produce $60K/year in cash flow for the remaining ownership group


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