Listed at a 8.48% cap rate on current income and $127,273 per unit, the Property includes two adjacent buildings at 9 and 11 Worster St containing eleven (11) rental units on a 0.26-acre parcel. The Properties contain eleven (11) Residential Units made up of three (3), 1-Bedroom/1-Bathroom units, three (3), 1+Bedroom/1-Bathroom units, and five (5), 2-Bedroom/1-Bathroom units. With below-market rents, the opportunity exists to upgrade the exteriors and common areas of the buildings and the unrenovated unit interiors to increase rental rates in a highly desirable residential market positioned just north of Rochester, New Hampshire. The Properties are located on a quiet tree-lined street in a residential neighborhood in the center of Farmington, New Hampshire. The Properties are one block from Main Street and enjoy convenient access to the town’s restaurants, schools, and numerous parks and recreation areas. The Properties are a short walk from several area restaurants (Dough Boys Pizzeria, Farmington House of Pizza, The Joint Bar & Grill, Imperial Garden), a few convenience stores (Cumberland Farms and Mills Market), and are less than 1-mile from a Rite Aid. The Properties offer convenient access to New Hampshire’s largest markets including Portsmouth (25-miles away), Concord (33-miles away), and Manchester (43-miles away). The Properties offer close proximity to Portsmouth, offering a quaint blend of history and coastal charm.

Listing courtesy of PRIME_MLS / William Peck / Horvath & Tremblay LLC, Gray Property Group, LLC

Last checked: Checking… • Last updated Nov 26, 2024 • Source: PRIME_MLS

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