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Listed by Viktoria V Alkova • KW Coastal and Lakes & Mountains Realty
$ 1,533,000
Est. payment /mo
New
406 - 414 Central ST Franklin, NH 03235
10,911 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,911 sqft
Price per Sqft $140
MLS Listing ID 5049763
Construction Status Existing
Year Built 1920
Annual Tax Amount $11,226
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Description
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. Delayed showings begin 7/20/25.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning B2
Rooms
Basement Slab
Interior
Cooling None
Exterior
Garage Description On-Site, On Street, Other
Utilities Available Cable
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Flat
Building
Story 3
Foundation Slab - Concrete
Sewer Public
Architectural Style Apartment Building, Historic Vintage, Multi-Family
Construction Status Existing
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