Farmington NH Multi Family for Sale
$1,875,000
9-11 Worster Street Farmington, NH 03835
- Type:
- Multi-Family
- Sq.Ft.:
- 7,223
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.26 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 5023203
ADDITIONAL INFORMATION
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 propertyâ??s ~$162K/year in NOI makes this listing a 8.6% cap at the asking price. The buildingsâ?? 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.
- Type:
- Multi-Family
- Sq.Ft.:
- 4,224
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 5007653
ADDITIONAL INFORMATION
Investors, double the value! Two well-maintained duplexes on two adjacent lots, sold as a package with a potential cap rate of 10.9%. Both buildings complement each other beautifully, featuring excellent curb appeal with their young roofs and sharp siding. Small apartments no more, the first duplex offers spacious 3-bedroom units, ideal for maximizing per unit cash flow. Recent updates include modern stainless steel appliances, luxury vinyl flooring, and stunning hardwood floors. The second duplex features a one-bedroom unit and a spacious 3+ bedroom unit, both with contemporary finishes such as sleek gray cabinets, stainless steel appliances, and luxury vinyl flooring in the lower unit. Tenants will appreciate the convenience of in-unit washers and dryers, separate utilities, and ample parking. The location couldn't be better, with close proximity to the seacoast, lakes, and mountain region, along with easy access to Route 16, shopping, restaurants, and major highways. Act fast as this will not last. Delayed showings begin at the open house on Saturday, August 10, between 1-3Pm.
$399,900
546 Main Street Farmington, NH 03835
- Type:
- Multi-Family
- Sq.Ft.:
- 2,671
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 5007277
ADDITIONAL INFORMATION
PRIVATE SHOWINGS SAT 1-3**The ideal, well-maintained duplex everyone has been looking for! Either a perfect investment with a potential cap rate of 10.93% or a great opportunity to reduce your mortgage with one side paying your mortgage. The lower level features a spacious open one-bedroom unit with a kitchen that boasts sleek gray cabinets, stainless steel appliances, and stunning luxury vinyl flooring. Tenants enjoy the convenience of an in-unit washer and dryer. The upper level unit spans two levels with 3+ bedrooms and spacious living areas. The property boasts excellent curb appeal with a young roof and sharp siding. Landlords benefit from separate utilities, a new propane gas boiler and plenty of parking. The location couldn't be better, with close proximity to the seacoast, lakes, and mountain region, along with easy access to Route 16, shopping, restaurants, and major highways. Act fastâ??this opportunity won't last long! Delayed showings begin at the open house on Saturday, August 10, from 1-3 PM.
$399,900
6 Smith Court Farmington, NH 03835
- Type:
- Multi-Family
- Sq.Ft.:
- 2,178
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 5007276
ADDITIONAL INFORMATION
PRIVATE SHOWINGS SAT 1-3**. Look no further for the perfect duplex! With a potential 11.02% cap rate, this up-and-down duplex offers spacious 3-bedroom units on each floor, ideal for maximizing per unit cash flow or living on one floor while the other covers your mortgage. The home boasts excellent curb appeal with a young roof and recently painted exterior.. The lower level unit boasts character and was recently renovated with an updated bathroom, new carpets, and stunning hardwood floors throughout. Youâ??ll love the kitchen, which showcases new stainless steel appliances, luxury vinyl flooring, and a pristine white cabinet finish. Upstairs you'll find a well maintained 3 bedroom unit with beautiful wood kitchen cabinets and hardwood floors throughout. Enjoy relaxing on your second-floor balcony during warm summer days. This home is conveniently tucked away on a side street yet within walking distance to downtown. This location is ideal, offering close proximity to the seacoast, lakes, and mountain region, along with easy access to Route 16, shopping, restaurants, and major highways. Act fast as this will not last. Delayed showings begin at the open house on Saturday, August 10, between 1-3Pm
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Farmington Real Estate
The median home value in Farmington, NH is $340,000. This is lower than the county median home value of $387,400. The national median home value is $338,100. The average price of homes sold in Farmington, NH is $340,000. Approximately 69.95% of Farmington homes are owned, compared to 25.28% rented, while 4.77% are vacant. Farmington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Farmington real estate agent to arrange a tour today!
Farmington, New Hampshire has a population of 6,748. Farmington is less family-centric than the surrounding county with 23.43% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Farmington, New Hampshire is $60,271. The median household income for the surrounding county is $76,560 compared to the national median of $69,021. The median age of people living in Farmington is 42.7 years.
Farmington Weather
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 51.2 inches per year, with 54 inches of snow per year.