6 Lawrence Road
Derry, NH 03038 ·
9 Units · Multifamily For Sale
|No. Units||9||Gross Rent Multiplier||5.77|
|Building Size||8,800 SF||Occupancy||100%|
|Property Type||Multifamily||No. Stories||3|
|Lot Size||2.47 AC|
|Property Use Type||Investment|
|Listing ID: 13900339||Date Created: 04/14/2004||Last Updated: 07/12/2004|
Derry, NH - Excellent investment opportunity. 9-unit apartment building comprised of one 3-bedroom house with two car attached garage, one 2-bedroom house, five 1-bedroom apartments, and 2 studio apartments. Property features large parking area, beautiful landscaping, large 2.4 acre lot with possibilities for expansion, and carefully maintained antique features. Some units include extra features such as decks, storage sheds, three season porch, and more. New one-year old septic system, and 3 year old well system allow new owner some piece of mind. Some of the longer term tenants have lower than market rates. Additional expense and income information available. Priced at only $499,000, creating almost a 12 cap rate.
Directions from South: Head East on RANGE RD/NH-111 toward OLD ROCKINGHAM RD. Turn LEFT onto N BROADWAY/NH-28. Continue to follow NH-28 for 4.8 miles. Turn RIGHT onto LAWRENCE RD and go .1 miles. Property is on the left.
Directions from the North: Take Exit 4 on I-93 and Head East toward Derry. Turn RIGHT onto BIRCH ST/NH-28 and go .7 miles. Turn LEFT onto ROCKINGHAM RD/NH-28 and go .7 miles. Turn SLIGHT RIGHT onto ROCKINGHAM RD/LONDONDERRY TURNPIKE/NH-28 and go 1.1 miles. Turn LEFT onto LAWRENCE RD and go .1 miles. Property is on the left.
- Superb Cash Flow
- Large lot
- Lacated close to MA border as well as to Manchester, NH
- New Septic and Well
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