Sold

406 - 414 Central Street, Franklin, NH 03235

Sqft
10,911

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKW Coastal and Lakes & Mountains Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Square feet
10,911
Lot size (acres)
0.17
Year built
1920

Utilities

Heating
Hot water
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$11,226.39

Public schools

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Sourced from: PrimeMLS MLS®#: 5049763 Last checked:

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