Active under contract
  • Listed by: 

    Viktoria V Alkova,

    KW Coastal and Lakes & Mountains Realty 603-610-8500,

    Ethan Ash,

    KW Coastal and Lakes & Mountains Realty

    $1,533,000

    406 - 414 Central Street, Franklin, NH 03235

    --beds
    --baths
    10,911sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $141/sqft
    $-- HOA

    What's special

    Freshly paved parking areaSpacious one-bedroom unitsStudio apartmentsModern living spaces
    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. This property is part of a 39 unit portfolio sale and can be sold together or separately. See MLS 5049759 and 5050830 for the other units.
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