This property is Off-Market

6 Lawrence Road
Derry, NH 03038 ·

9 Units · Multifamily For Sale

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Lawrence Road

Price N/A Cap Rate 11.80%
No. Units 9 Gross Rent Multiplier 5.77
Building Size 8,800 SF Occupancy 100%
Property Type Multifamily No. Stories 3
Property Sub-type
Garden/Low-Rise
More...
  • Mid/High-Rise
Lot Size 2.47 AC
Property Use Type Investment
Listing ID: 13900339 Date Created: 04/14/2004 Last Updated: 07/12/2004

Description

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.

Highlights

  • Superb Cash Flow
  • Large lot
  • Lacated close to MA border as well as to Manchester, NH
  • New Septic and Well

Research

6 Lawrence Road, Derry, NH 03038 (Rockingham County)

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