Residential Income in Farmington

$1,375,000

12 Grondin, 03835, Farmington, NH

Residential Income for sale in Farmington, 12 Grondin, 03835, 10800 m²

12 Grondin, 03835, Farmington, NH

$1,375,000

10800
Type: Residential Income

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

12 Grondin, 03835, Farmington, NH

Data

Object TypeResidential Income
Purchase Price$1,375,000
Living Space10800 m²
Plot Size12788.1 m²
BathroomsN/A
Construction Year1980
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric
Primary Energy SourceN/A
Construction Year1980
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent