2 Wentworth Ave Gorham, NH 03581
- Commercial real estate
- 24,178 SF
- 0.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2 Wentworth Ave
- Year built
- 1920
- Lot size
- 0.21 lot acres
- Property size
- 24,178 SF
- Property type
- Commercial real estate
Description
This exceptional 10-unit apartment building, located at 2 Wentworth Ave in Gorham, New Hampshire, presents a compelling investment opportunity. Boasting a substantial 24,178 square feet, this three-story building, constructed in 1920 and extensively renovated between 2012 and 2014, offers a strong 12.27% cap rate and a healthy net operating income (NOI) of $98,000. The asking price is $799,000, translating to $79,900 per unit. Each of the ten units benefits from ample parking (14 spaces total), and the building features convenient coin-operated laundry facilities on the first floor. Safety is prioritized with a monitored fire alarm and sprinkler system. The property is equipped with two boilers for efficient heating. Situated on a 0.21-acre lot, this property is zoned RB and offers significant potential for continued strong returns. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable New Hampshire location. Don't miss this chance to add a high-performing asset to your portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gorham
- County
- Coos
- State
- New Hampshire
- Longitude
- -71.1915364
- Latitude
- 44.447899
