12 Grondin Dr, Farmington, NH 03835
- $1,375,000
- 10,800
- SqFt
Listing courtesy of Justin Porter from EXP Realty. (Phone: 978-449-1378)
- List Price
- $1,375,000
- Status
- ACTIVE
- MLS#
- 5100933
- Living Area
- 10,800
- Lot Size
- 137,650
- Acres
- 3.16
- Year Built
- 1980
Property Description
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.
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Additional Information
- Taxes
- $8,876
- Listing Agent
- Justin Porter
- Listing Office
- EXP Realty
- Style
- Apartment
- Electric
- Service - 0 to 100 Amps
- Utilities
- Other
- Foundation
- Concrete
- Sewer
- Private Sewer
- Roof
- Asphalt
- Zoning
- RR
- Water
- Private Well
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