9-11 Worster Street

Farmington, NH 03835

$1,875,000
Price
Beds
7,223 Sq. Ft.
$260 / Sq. Ft.
7,223
Sq. Ft.
$260
per Sq. Ft.

Description

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 ~$237K/year in total gross revenue, and further upside income potential exists for a new...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 ~$237K/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 ~$162K/year in NOI makes this listing a 8.6% 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.
  1. Listed by Nick Gray • Gray Property Group, LLC

Property Details for 9-11 Worster Street

Zoning
UR
LISTING UPDATED: 12/16/2024 10:34 PM

Property Details for 9-11 Worster Street

StatusActive
MLS #5023203
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.26 AC / 11,325 SF
CountyStrafford County

Building Information for 9-11 Worster Street

Stories3Residences11Year Built1900Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 9-11 Worster Street

Summary
Location and General Information
  • City: Farmington
  • County: NH-Strafford
  • Latitude: 43.391296000000999
  • Longitude: -71.063916000000006
  • Road Frontage: TBD
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: U05
  • Zip Code: 03835
Taxes and HOA Information
  • Taxes TBD: Unknown
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Block: 036
  • Lot: 000
  • Lot - Sqft: 11326.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.26
  • Square Feet Apx Finished Above Grade: 7223.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 18052.0
  • Square Feet Apx Total Finished: 7223.0
  • Square Feet Apx Unfinished Above Grade: 10829.0
  • Square Feet Apx Unfinished AG Source: Assessor
  • Square Feet Apx Unfinished Below Grade: 0.0
Property and Assessments
  • Current Use: No
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Fieldstone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1900
Utilities
  • Electric: Fuses
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Asbestos Exterior, Vinyl Siding
  • Roof: Metal
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt, Dirt Floor
  • Heating: Oil, House Unit
  • Cooling: None
  • Total Stories: 3
Multi Family
Income & Expenses Information
  • Gross Income: $237,000.00
  • Net Income: $162,305.00
Multi-Family Information
  • Total Units: 11
  • Total 1 BR Units: 3
  • Total 2 BR Units: 8
  • Total 3+ BR Units: 0

Property History for 9-11 Worster Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 9-11 Worster Street

This home is within Farmington School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 13
Rating
School
Distance
Valley View Community Elementary School
PublicPK to 3

Henry Wilson Memorial School
Public4 to 8

Farmington Senior High School
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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9-11 Worster Street is a multi-family home for sale in Farmington, NH 03835. This property was listed for sale on November 25, 2024 by Gray Property Group, LLC, it's currently listed at $1,875,000. It has been on the market for a total of 22 days and was last sold on January 30, 2024. This listing's school district is Farmington School District. Nearby schools include Valley View Community Elementary School, Henry Wilson Memorial School and Farmington Senior High School. 9-11 Worster Street is a 0-bed, 0-bath, 7,223 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gray Property Group, LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/18/2024 12:48 AM