Hussey Block Apartments | 415 Main St
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Hussey Block Apartments 415 Main St
14 Unit Apartment Building $2,267,952 CAD ($161,997 CAD/Unit) 10.18% Cap Rate Farmington, NH 03835
Investment Highlights
- Paved Parking and Dumpster on site
- Water and Sewer included
- In the heart of the Lakes Region of New Hampshire
- 9 apartments and 4-5 flexible Commercial Space
- Close to shopping and restaurants, 25 minutes to seacoast and Lake Winnipesaukee
- Beautifully renovated
Executive Summary
415 & 425 Main | Nine 1-3 Bedroom Apartments Plus 4-5 Ground Floor Commercial Units
Prime mixed use investment opportunity.
Here is History reinvented. All Brand new, beautifully appointed, clean, and fresh one to three bedroom apartments in the historic Hussey Block Building. Also there are 4-5 ground floor commercial units available with significant income potential utilizing huge open street level space with multiple entrances and large display windows that can be configured into various floor plans to suit different business needs. There is also a side shared entrance with bathroom.
The Main Street downtown location is ideal to walk to local shops or to take advantage of the best that the Lakes Region and Seacoast can provide. You are minutes to The Ridge Marketplace of Rochester with everything you need to Shop Dine and Enjoy. Market Basket, Marshalls, Starbucks, several great restaurants, Hobby Lobby, or down the road to the iconic Little Miss Sophie’s Country Kitchen and Johnson’s Dairy Bar
Only 20 minutes to Alton and Wolfeboro and Lake Winnipesaukee, 35 minutes to Portsmouth and the seacoast.
Prime mixed use investment opportunity.
Here is History reinvented. All Brand new, beautifully appointed, clean, and fresh one to three bedroom apartments in the historic Hussey Block Building. Also there are 4-5 ground floor commercial units available with significant income potential utilizing huge open street level space with multiple entrances and large display windows that can be configured into various floor plans to suit different business needs. There is also a side shared entrance with bathroom.
The Main Street downtown location is ideal to walk to local shops or to take advantage of the best that the Lakes Region and Seacoast can provide. You are minutes to The Ridge Marketplace of Rochester with everything you need to Shop Dine and Enjoy. Market Basket, Marshalls, Starbucks, several great restaurants, Hobby Lobby, or down the road to the iconic Little Miss Sophie’s Country Kitchen and Johnson’s Dairy Bar
Only 20 minutes to Alton and Wolfeboro and Lake Winnipesaukee, 35 minutes to Portsmouth and the seacoast.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$263,632
|
$19.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$263,632
|
$19.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,814
|
$2.47
|
| Net Operating Income |
$230,818
|
$17.34
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $263,632 |
| Annual Per SF | $19.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $263,632 |
| Annual Per SF | $19.81 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,814 |
| Annual Per SF | $2.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $230,818 |
| Annual Per SF | $17.34 |
Property Facts
Unit Amenities
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Vintage Building
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| Studios | 3 | - | - |
| 2+1 | 4 | - | - |
| 3+1.5 | 5 | - | - |
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | FRMN-000006U-000000-000019 | Improvements Assessment | $515,038 CAD |
| Land Assessment | $87,261 CAD | Total Assessment | $602,299 CAD |
PROPERTY TAXES
Parcel Number
FRMN-000006U-000000-000019
Land Assessment
$87,261 CAD
Improvements Assessment
$515,038 CAD
Total Assessment
$602,299 CAD
zoning
| Zoning Code | Village District (Downtown Main Street, Village DIstrict) |
| Village District (Downtown Main Street, Village DIstrict) |
-
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Hussey Block Apartments | 415 Main St
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