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Bentley By The Sea

86 Lafayette Rd
Route 1
North Hampton, NH 03862
(603) 964-7277
9-11 Worster
Farmington, NH
MLS Number: 5023203
Price: $1,995,000.00
7223
Sq Feet
0.26
Acres (approx)
Listed Agent: Nick Gray
Listing Office: Gray Property Group, LLC 603-637-4812
Listing Date: Nov 25, 2024 - Active

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.

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Basic Information
City/Town
Farmington
County
NH-Strafford
Taxes/Year
$0.00 / 0
Year Built
1900
Garage
0 cars
Sq. Footage
7223 SF
Zoning
UR
Lot Size
0.26 Acres (approx)
Property Features
Max Width
0 ft
Max Length
3 ft
Basement
Y
Basement
Dirt, Dirt Floor
Driveway
Gravel
Electric
Fuses
Heating/ Cooling
Oil, House Unit
Stories
3
Roof
Metal
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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. Date last updated 12/04/2024.


Photos Updated on 11/26/2024 3:10 am
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