Central Falls Realty

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      9-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 038359-11 Worster Street Farmington NH 03835
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      • $1,875,000List Price
      • 0.26Acreage
      • 7,223Square Feet
      • 1900Year Built
      Listed by Nick Gray of Gray Property Group,LLC
      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 7.5% 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.

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      Central Falls Realty

      Your Local Office

      Central Falls Realty
      242 Central Avenue
      Dover NH, 03820
      Office: 603-742-2121

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      Basic Information

      • StatusACT
      • List Price$1,875,000
      • Date Price Change12/06/2024
      • MLS Number5023203
      • MLS StatusActive

      Property

      • Acreage0.26
      • GarageNo
      • Parking Spaces
      • Lot DescriptionCity Lot
      • Square Feet7,223
      • APX Fin AG Sqft7,223
      • AreaNH-Strafford

      Location

      • TownFarmington
      • StateNH
      • Zip03835
      • CountyStrafford
      • ZoningUR
      • Address9-11 Worster Street
      • Flood Zone Y/NNo

      Exterior

      • RoofMetal

      Amenities

      • PricePerSqFt259.59

      Other

      • Seasonal Y/NNo
      • Date Listed11/26/2024
      • View Count3

      Building

      • Year Built1900
      • Building ConstructionWood Frame, Asbestos Exterior, Vinyl Siding
      • Units11
      • # of 1 Bedrooms3
      • # of 2 Bedrooms8
      • BasementDirt, Dirt Floor
      • FoundationBrick, Fieldstone

      Utilities

      • Heat SystemOil, House Unit
      • ElectricFuses
      • SewerPublic
      • UtilitiesCable
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      Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 December 11, 2024 2:49 PM EST

       

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