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Listed by Justin Porter • EXP Realty • Phone: 978-449-1378
$1,375,000
Est. payment /mo
16 Beds
8 Baths
10,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $127
MLS Listing ID 5100933
Bedrooms 16
Full Baths 8
Construction Status Existing
Year Built 1980
Annual Tax Amount $8,876
Lot Size 3.160 Acres
Acres 3.16
Property Description
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.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning RR
Interior
Cooling None
Exterior
Garage Spaces 8.0
Utilities Available Other
Roof Type Asphalt Shingle
Building
Story 2
Sewer Private
Architectural Style Apartment Building
Construction Status Existing
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