$1,533,000
406 - 414 Central Street
Franklin
Listing Courtesy of
Viktoria Alkova
KW Coastal and Lakes & Mountains Realty - 603-610-8500
406 - 414 Central Street, Franklin NH 03235
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.
Listing Courtesy of
Viktoria Alkova
KW Coastal and Lakes & Mountains Realty - 603-610-8500
DETAILS
- Listing Id5049763
- StatusActive
- TypeMulti-Family
- Year Built1920
- BasementNo
- Basement DescriptionSlab
- Construction StatusExisting
- CoolingNone
- DrivewayPaved
- ElectricOther
- Flood ZoneYes
- FoundationSlab - Concrete
- GarageNo
- HeatingNatural Gas,Hot Water
- Pre-ConstructionNo
- Road FrontageYes
- Road Frontage Length60
- RoofFlat
- SewerPublic
- Total Stories3
- UtilitiesCable
- Water Body AccessNo
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