$1,995,000
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9-11 Worster Street Farmington, NH 03835
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
7,223
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Well-maintained 11-unit multifamily property consisting of a 10-unit apartment building adjacent to a single family house, totaling seven 2-bedroom apartments and four 1-bedroom apartments. This property has been significantly improved by the current owner and most units include vinyl plank flooring..., fresh paint, and stainless steel appliances. Income is terrific with an average rent of $1,757/unit/month and ~$232K/year in total gross revenue, and further upside income potential exists for a new owner willing to renovate. The Landlord pays for heat, hot water, and cold water / sewer, and the tenants pay for electricity. The propertyâ??s ~$141K/year in NOI makes this listing a 7.0% cap at the asking price. The buildingsâ?? shared parking lot accommodates 12-14 vehicles and additional street parking is available in the immediate vicinity. The property is only a couple minute walk to Farmington's downtown and is a commutable distance to Portsmouth (25 miles), Concord (33 miles), and Manchester (43 miles). Owner is a real estate licensee.
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MLS#
5023203
Property Type
Multi-Family
Year Built
1900
Square Feet
7,223
sq. ft
Price per Sq. Ft.
$276.20
Lot Size
0.26
Sewer
Public Sewer
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Source: Walk Score®
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