NOT LISTED FOR SALE

76 Franklin St Derry, NH 03038

16 Beds
44 Baths
18,480 Sq Ft
3.5 Acres

Last Sold March 26, 2021

Last sale price $5,825,000 $315 Per Sq Ft

5 Days on Market

Highlights

  • 3.5 Acre Lot
  • Landscaped
  • High Speed Internet
  • Deck
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2021

"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

Last Agent to Sell the Property

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 08/20/2020

Last Buyer's Agent

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 08/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $89,369

Year Built

  • Built in 1980

Lot Details

  • 3.5 Acre Lot
  • Landscaped
  • Level Lot

Home Design

  • Garden Home
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 44 Full Bathrooms
  • 18,480 Sq Ft Home
  • 2.5-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 21 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • 100 Amp Service
  • Propane
  • Oil Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 41 / 11

Community Details

Overview

  • 44 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $158,903
  • Gross Income $622,680
  • Net Operating Income $463,777

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$89,369

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Directions: Folsom Drive to left on Franklin Street and also off High Street to Ferland Drive. Eleven 4-Plex buildings include 76 to 90 Franklin Street, 94 High Street and 3-6 Ferland Drive
  • Flood Zone: Yes
  • Footprint: 28x60
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 315.21
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 18480
  • Sq Ft - Apx Total Finished: 18480
  • Property Type: Multi-Family
  • Year Built: 1980
  • Remarks Public: "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
  • L A1 M M S I Memberkey: 10680
  • List Agent: 2331
  • L O1 M M S I Officekey: 69549
  • S A1 M M S I Memberkey: 10680
  • S O1 M M S I Officekey: 69549
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Sq Ft - Apx Finished AG: 18480

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Features Exterior: Deck

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 21+, Paved

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Free Standing, Oil, Owned, Separate, Tank
  • Heating Fuel: Electric, Gas - LP/Bottle, Oil
  • Heating: Baseboard, Electric, Hot Water
  • Separate Utilities: Varies
  • Total Electric Meters: 44
  • Total Gas Meters: 2
  • Total Heat Units: 44
  • Total Ranges: 44
  • Total Refrigerators: 44
  • Total Water Heaters: 32
  • Trash: Dumpster
  • Utilities: Cable, Gas - Lp/Bottle, Internet - Cable, Telephone At Site

Lot Info

  • Map: 31
  • Lot: 41
  • Lot Sq Ft: 152460
  • Lot Acres: 3.5
  • Lot Description: Landscaped, Level, Major Road Frontage
  • Zoning: res
  • Deed Book: 3154
  • Deed Page: 0153
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 622680
  • Net Income: 463777
  • Total Full Baths: 44
  • Total Units: 44
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 43

Tax Info

  • Tax Gross Amount: 89369
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $5,825,000 -1.3% $315 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $5,900,000 -- $319 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pierre Peloquin

    Seller's Agent in 2021

    Pierre Peloquin

    Pierre Peloquin Realty

    (603) 661-4225

    3 in this area

    129 Total Sales

    Pierre Peloquin
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4823692

PrimeMLS
New Hampshire Rockingham County Derry 03038

76 Franklin St, Derry, NH

This home is located at 76 Franklin St, Derry, NH 03038 since 20 August 2020. This property was built in 1980. 76 Franklin St is a home located in Rockingham County with nearby schools including Grinnell School, Gilbert H. Hood Middle School, and Pinkerton Academy.

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