This multifamily property, with 100% occupancy and a 6.11% cap rate, is ideally situated just 3 miles from Route 93 in Derry, NH. Offering convenient walking access to local amenities and easy connections to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to vibrant Boston, MA, 45 Birch is an exceptional investment opportunity in a prime location. Located within the Office Medical Business zone, this property uniquely combines residential and commercial opportunities, enhancing its appeal as a versatile investment option. The residential units include one 3-bedroom apartment, four 2-bedroom apartments, and three 1-bedroom apartments, along with a commercial unit, all of which have demonstrated consistent rental income and high occupancy rates.
Closed
Listed by:
Krissy LaPorte,
Keller Williams Realty-Metropolitan 603-232-8282
Bought with: RE/MAX Innovative Properties
$1,225,000
45 Birch Street, Derry, NH 03038
--beds
--baths
6,662sqft
Multi Family
Built in 1972
-- sqft lot
$1,273,600 Zestimate®
$184/sqft
$2,331 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 30, 2024 at 01:00pm
Listed by:
Krissy LaPorte,
Keller Williams Realty-Metropolitan 603-232-8282
Bought with:
Andrew W White
RE/MAX Innovative Properties
Source: PrimeMLS,MLS#: 5001086
Facts & features
Interior
Heating
- Natural Gas, Hot Air, Hot Water
Cooling
- None
Features
- Basement: Finished,Walk-Out Access
Interior area
- Total structure area: 8,128
- Total interior livable area: 6,662 sqft
- Finished area above ground: 6,662
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Frontage length: Road frontage: 80
Lot
- Size: 0.30 Acres
- Features: Level
Details
- Zoning description: OMB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Concrete
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & neighborhood
Location
- Region: Derry
Other
Other facts
- Road surface type: Paved
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$1,273,600
2% more+$25,472
With Zillow Showcase(estimated)$1,299,072