12 Grondin Dr - Multi-Family FOR SALE


Farmington, NH 03835
$1,375,000 USD
888-398-7062
12 Grondin Dr, Farmington, NH for Sale
$1,375,000 USD
Multi-Family - FOR SALE
1/4
null | 8.19% Cap Rate

12 Grondin Dr
Farmington, NH 03835


OVERVIEW

12 Grondin Drive is a three-story, eight (8) unit residential building containing eight (8) 2-Bedroom/1-Bathroom units with 10,800 square feet of gross living area situated on a 0.69-acre parcel in Farmington, New Hampshire. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for trash and recycling removal. Off-street parking is available on site. The Property is 100% occupied and was substantially renovated in 2025 with over $133,000 in capital improvements. In-place gross scheduled rent is $13,150 per month ($157,800 annually) across units ranging from $1,350 to $1,825 per month. Net Operating Income is $98,840 reflecting a 7.19% capitalization rate at the asking price of $1,375,000 ($171,875 per unit). An adjacent 3.16-acre parcel is available separately at $70,000 and may be acquired in combination with the building upon request. Showings by appointment only. Do not disturb occupants. Two other off market properties available for portfolio sale with this property. Total of 21 units including 12 Grondin.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

8

PRICE/UNIT

$171,875

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

FRMN-000015R-000000-000001

ASK ABOUT THIS PROPERTY

Justin PorterPorter Capital LLCMore Info
888-398-7062

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Justin PorterPorter Capital LLCMore Info
888-398-7062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.