10 Birch St - Multi-Family FOR SALE


Derry, NH 03038
$460,000 USD
603-932-3011
10 Birch St, Derry, NH for Sale
$460,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

10 Birch St
Derry, NH 03038


HIGHLIGHTS

  • In Derry’s Central Business District
  • 100% occupied
  • Replacement of both heating systems with two forced-air furnaces
  • Waterheaters for both units replaced within the last 3 years,
  • Vinyl siding and windows installed less than 5 years ago

OVERVIEW

Great investment opportunity in Derry’s Central Business District! This two-family property at 10 Birch Street is situated on a 0.10 acre lot in downtown Derry and very close to a variety of restaurants, shopping, the library, Parkland Medical Center, and major commuter routes. The front unit includes 3 bedrooms, 1 bathroom, and a bonus room in a town-house style setup. While Unit 2 features a large open layout with a loft-style bedroom and one bathroom. The lot includes a small yard and parking for at least 4 vehicles. The property has long-term tenants in place with one unit continuously occupied for almost 20 years by the same family. Several major capital improvements have been addressed the replacement of both heating systems with two forced-air furnaces now in place that are less than 3 years old, water heaters for both units replaced within the last 3 years, and vinyl siding and windows installed less than 5 years ago. With only cosmetic renovations needed to maximize the value of this property, it offers a strong potential for an investor or future owner-occupant, to capitalize on the burgeoning market in Derry.

FOR SALE DETAILS

PRICE

$460,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

2

PRICE/UNIT

$230,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

CBD

APN/PARCEL ID

DERY-000030-000000-000178

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

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Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.