Franklin, NH 03235,406 - 414 Central ST
Franklin, NH 03235,406 - 414 Central ST
Franklin, NH 03235,406 - 414 Central ST
Franklin, NH 03235,406 - 414 Central ST
Franklin, NH 03235,406 - 414 Central ST
Franklin, NH 03235,406 - 414 Central ST
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Listed by Viktoria V Alkova • KW Coastal and Lakes & Mountains Realty
$ 1,533,000
Est. payment | /mo

10,911 SqFt


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$ 1,533,000
Est. payment | /mo
Save

10,911 SqFt

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. 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

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning B2

Rooms

Basement Slab

Interior

Cooling None

Exterior

Utilities Available Cable

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Flat

Building

Story 3

Sewer Public

Architectural Style Apartment Building, Historic Vintage, Multi-Family

Construction Status Existing

PrimeMLS
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 462-3874

ryan.mahan.38@gmail.com

637 Main St Unit 3, Fryeburg, Maine, 04037, USA

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406 - 414 Central ST