9-11 Worster Street
$1,875,000
—
7,223
7,223
$260
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.
- 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
Status | Active |
---|---|
MLS # | 5023203 |
Days on Market | 22 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1900 |
Lot Size | 0.26 AC / 11,325 SF |
County | Strafford 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
Property History for 9-11 Worster Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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