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76-90 Franklin StreetDerry, NH 03038Sale Price: $5,825,000

  • Sale Price: $5,825,000
  • 17 Days Since Sale
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Federal 30-year interest rate: 3.13% last updated on Apr 8, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $5,900,000List Price
  • 44Bathrooms
  • 3.5Acreage
  • 18,480Square Feet
76-90 Franklin Street Derry NH 03038
76-90 Franklin Street Derry NH 03038

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Listed by Pierre Peloquin of Pierre Peloquin Realty

Listing Sold by Pierre Peloquin of Pierre Peloquin Realty
"BROOKVIEW MANOR COURT" A TURN-KEY 44 UNIT Residential rental complex comprised of 11 Separately deeded & taxed 4-PLEX BUILDINGS in Derry, NH located on 4.5 acres on Franklin Street, High Street and Ferland Drive. IMPECCABLY maintained by Owner/Broker who purchased from original developer 25 years ago. OUTSTANDING Floor plans include 20 Bi-Level units and 24 Garden style 2 Bedroom units w/private rear decks. Built between 1979 to 1980 this WONDERFUL COMPLEX borders a babbling brook , tree shaded rear yards, parking for approx 70 cars. All individually vinyl sided w/Brick facade & new vinyl windows. FULLY STABILIZED rental history with superb residents that are fully screened by our professional management staff. GROSS $622,680.00 w/$ 158,903 expenses (includes taxes) NET $463,777.00 Potential to increase net to $517,000.00 based on local market rents. FIRST TIME EVER OFFERED TO THE PUBLIC. Broker is Owner and will provide 1st Mortgage of $5 million with $900,000.00 Down @ 5% 20 years

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated April 11, 2021.

 

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