Farmington, NH 03835,9-11 Worster ST
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Farmington, NH 03835,9-11 Worster ST
Farmington, NH 03835,9-11 Worster ST
Farmington, NH 03835,9-11 Worster ST
Farmington, NH 03835,9-11 Worster ST
Listed by William Peck • Horvath & Tremblay LLC
Bought with Timothy Baxter • Gray Property Group, LLC

$1,210,000

Est. payment /mo

$1,400,000

13.6%
Est.Price: ?

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9-11 Worster ST Farmington, NH 03835

7,223 SqFt

SOLD DATE : 01/30/2024

Key Details

Sold Price $1,210,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,223 sqft

Price per Sqft $167

MLS Listing ID 4972764

Sold Date 01/30/24

Style Multi-Family

Construction Status Existing

Year Built 1900

Lot Size 0.260 Acres

Acres 0.26

Property Description

Listed at a 8.48% cap rate on current income and $127,273 per unit, the Property includes two adjacent buildings at 9 and 11 Worster St containing eleven (11) rental units on a 0.26-acre parcel. The Properties contain eleven (11) Residential Units made up of three (3), 1-Bedroom/1-Bathroom units, three (3), 1+Bedroom/1-Bathroom units, and five (5), 2-Bedroom/1-Bathroom units. With below-market rents, the opportunity exists to upgrade the exteriors and common areas of the buildings and the unrenovated unit interiors to increase rental rates in a highly desirable residential market positioned just north of Rochester, New Hampshire. The Properties are located on a quiet tree-lined street in a residential neighborhood in the center of Farmington, New Hampshire. The Properties are one block from Main Street and enjoy convenient access to the town’s restaurants, schools, and numerous parks and recreation areas. The Properties are a short walk from several area restaurants (Dough Boys Pizzeria, Farmington House of Pizza, The Joint Bar & Grill, Imperial Garden), a few convenience stores (Cumberland Farms and Mills Market), and are less than 1-mile from a Rite Aid. The Properties offer convenient access to New Hampshire’s largest markets including Portsmouth (25-miles away), Concord (33-miles away), and Manchester (43-miles away). The Properties offer close proximity to Portsmouth, offering a quaint blend of history and coastal charm.

Location

State NH

County Nh-strafford

Area Nh-Strafford

Zoning UR

Rooms

Basement Entrance Interior

Basement Interior Access

Interior

Heating Oil

Cooling None

Exterior

Exterior Feature Asbestos, Vinyl Siding

Utilities Available Other

Roof Type Metal

Building

Lot Description Other

Story 3

Foundation Fieldstone

Sewer Public

Water Public

Construction Status Existing

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Gail Beardmore

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+1(802) 236-5431

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