12 Grondin, 03835, Farmington, NH
12 Grondin, 03835, Farmington, NH
$1,375,000
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.
12 Grondin, 03835, Farmington, NH