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Listing Courtesy of: Phone: 603-397-8246 - Casey Purinton - BHHS Verani Londonderry

$569,500

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7 Church Street Deerfield, NH 03037

Other Residence

Beds

Baths

4,369 Sq. Ft.

0.63 Acre Lot

Property Activity

Time on Site

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Last updated on 11/7/2024 7:56 AM

Listing Details

The Deerfield Business Center is a 4,369 +/- SF mixed-use office and residential building located in the heart of Deerfield, NH, just off Routes 43 and 107. Originally a church and then a community center, the building now comprises 5 office units and 2 residential units. Four office units are locat...ed on the first floor, and one in the tower. The seller used one of the units as a personal office but has recently moved leaving one of the office units vacant. The second level has two renovated 1-bedroom apartments, complete with hardwood flooring, vaulted ceilings, and stone countertops. The building has five bathrooms (2 full and 3 quarter baths). The commercial tenants have shared common area space with restrooms and kitchenette. The first floor is radiant heating, while the upper floors are a combination of FHA, Mini Split, and electric baseboard heating. Gross rents currently total $57,780.00, with a net operating income (NOI) of $36,224.00. The pro forma gross income is estimated at $74,280 with the vacant unit leased. Valued on 9.3% CAP rate from proforma NOI. There is ample parking available in the paved lot, along with coin-operated laundry and the majority of the building is sprinklered. Continue reading

MLS#

5016231

Property Type

Other

Year Built

1882

Square Feet

4,369 sq. ft

Price per Sq. Ft.

$130.35

Lot Size

0.63