6 Smith CtFarmington, NH 03835

Property Details for 6 Smith Ct

Year built

1900

Property size (Sq ft)

2,178 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This meticulously updated two-unit apartment building in Farmington, NH, presents a compelling investment opportunity. Located at 6 Smith Court, this Class B property boasts a total of 2,178 square feet on a 4,356 square foot lot, offering five parking spaces. Built in 1900 and extensively renovated in 2024, the property features two spacious three-bedroom units, each occupying a floor of this two-story building. The lower unit showcases updated bathrooms, new carpeting, stunning hardwood floors, a modern kitchen with stainless steel appliances, and luxury vinyl flooring. The upper unit also features hardwood floors and attractive wood kitchen cabinets, complemented by a private balcony. Currently operating at 100% occupancy, the property generates a pro-forma NOI of $44,086, translating to a pro-forma cap rate of 11.02%. The asking price is $399,900, or $199,950 per unit, and the price per square foot is $183.61. Conveniently situated near downtown Farmington, this property offers easy access to Route 16, shopping, dining, and major highways, with close proximity to the seacoast, lakes, and mountains. This is a stabilized, cash-flow investment opportunity with significant upside potential. The property is not subject to a ground lease.

Location Insight

City

Farmington

County

Strafford

State

New Hampshire

Latitude

43.3926

Longitude

-71.068

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].