The two-story building contains two 2-Bedroom/1-Bathroom units with 1,996 square feet of living space in 3,400 square feet of gross area. The in-place rents are significantly below market rates; the opportunity exists to increase rental rates in a highly desirable residential market positioned in between Manchester and Derry, two of the largest markets in New Hampshire. Each unit is separately metered for electricity, and propane fired heat and electric hot water which the tenants pay directly. The Landlord is also responsible for common area electric and maintaining the well and septic systems. The Property is positioned on a large, private wooded lot and offers its residents tranquil living in a rural setting while also providing convenient access to area shopping amenities just a few miles away near the junction of Nashua Road (NH Route 102) and Interstate 93, the area’s primary commercial center. The Property is 2.5-miles from the Londonderry elementary, middle, and high schools as well as the town’s municipal offices. The Property is 5-miles from the primary commercial corridor located along Nashua Road (NH Route 102), which is home to national and local retailers and restaurants that serve the needs of area residents. Londonderry is located in southern New Hampshire in between Manchester, the state’s largest market, and Derry, the state’s fourth largest market. Londonderry is approximately 43-miles north of Boston and is considered part of the Boston MSA.
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