9-11 Worster
Farmington, NH 03835
- – beds
- – baths
- 7,223 sqft
- 11,326 sqft lot
- $276 per sqft
- 1900 build
- – on site
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 property’s ~$141K/year in NOI makes this listing a 7.0% cap at the asking price. The buildings’ 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.
Last checked:
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Last updated Nov 26, 2024
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MLS# 5023203 —
The Building
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Year Built:1900
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame, Asbestos Exterior, Vinyl Siding
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Architectural Style:Multi-Family
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Roof:Metal
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Foundation:Brick, Fieldstone
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Total Stories:3
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Total Units:11
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Approx SqFt Total:18052
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Approx SqFt Total Finished:7,223 Sqft
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Approx SqFt Finished Above Grade:7,223 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade:10829
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Approx SqFt Unfinished Above Grade Source:Assessor
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Approx SqFt Finished Above Grade Source:Assessor
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Road Frontage Type:Paved
Interior
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Basement:Yes
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Basement Description:Dirt, Dirt Floor
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Basement Access Type:Interior
Location
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Map:U05
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Latitude:43.391296000000999
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Longitude:-71.063916000000006
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot SqFt:11,326 Sqft
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Lot Acres:0 Sqft
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Zoning:UR
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Driveway:Gravel
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Lot Features:City Lot
Listing Agent
- Contact info:
- Office phone:
- (603) 637-4812
Taxes
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Taxes TBD:Unknown
Beds
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Total 2 Bedroom Units:8
The Listing
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Price Per SqFt:276.2
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil, House Unit
Utilities
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Utilities:Cable
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Sewer:Public
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Electric:Fuses
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Water Source:Public
The Community
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Covenants:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/25/24
Nov 25, 2024
|
Listed / Active | PRIME_MLS | $1,995,000 | 64.9% |
|
1/30/24
Jan 30, 2024
|
PRIME_MLS | $1,210,000 | -13.6% | |
|
10/24/23
Oct 24, 2023
|
PRIME_MLS | $1,400,000 |
