406-414 Central St - Apartments FOR SALE


Franklin, NH 03235
$1,533,000 USD
646-577-1194
406-414 Central St, Franklin, NH for Sale
$1,533,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

406-414 Central St
Franklin, NH 03235


HIGHLIGHTS

  • Recent upgrades to unit 2, 3, 7 & 8, Unit 4 is all brand new
  • Retail spaces are all newly renovated
  • Security cameras installed throughout property
  • New 3 year lease with annually escalating rents
  • Newly paved parking area behind building
  • Coin-op laundry for tenants convenience

OVERVIEW

This attractive investment opportunity offers a strong mix of residential apartments and retail on the ground level. The majority of the units have been renovated, providing fresh, modern living spaces. Separately metered electric, paid by tenants, easy to manage! The retail units are either fully renovated or currently undergoing upgrades, further enhancing the property's appeal. The property is primarily 2 bedroom units, with 2 spacious one-bedroom units and 2 studio apartments. Signed three-year lease with annual rent escalations ensures long-term income growth and stability. Additional amenities include security cameras throughout the property for enhanced safety, a freshly paved parking area at the rear for added convenience, and coin-op laundry on site to serve residents while generating supplemental income. Located in Franklin, the property benefits from the ongoing development of Mill City Park and the city's designation as an Opportunity Zone, offering favorable tax incentives for future investors. Located in the vibrant heart of Franklin, New Hampshire, recent revitalization endeavors have rejuvenated the community, captivating both residents and visitors alike. This property offers three prime commercial spaces, strategically positioned amidst bustling foot traffic in the downtown district, complemented by eight residential units above. This property is part of a 39 unit portfolio sale and can be sold together or separately. See 155 S Main St, Franklin and 41 Central St, Woodsville for other units.

FOR SALE DETAILS

PRICE

$1,533,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

11

PRICE/UNIT

$139,364

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,916 SF

ZONING

B2

APN/PARCEL ID

FRKN-000117-000156

ASK ABOUT THIS PROPERTY

Viktoria AlkovaCoastal Land & Commercial Group at Keller WilliamsMore Info
646-577-1194

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Viktoria AlkovaCoastal Land & Commercial Group at Keller WilliamsMore Info
646-577-1194

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