Price$5,100,000
Est. Mortgage: $/month
MLS Number 4870134
- Multifamily
- Units 59
- Acreage 1
- Square Feet 49,852
Now available is this unique portfolio offering of 59 units in Franklin, NH and Pittsfield, NH. Comprised of six properties in Franklin and two properties in Pittsfield, this portfolio, after seeing significant capital improvement shortly after purchase, has been carefully managed and maintained for almost a decade. A well-balanced mix of units are featured across the portfolio with everything from well-kept, efficiently laid out, studio apartments, to sprawling three-story townhouse-style units featuring five bedrooms and multiple bathrooms, and everything in between. Six of the buildings are located in or around the heart of Franklin, a modest town that is on track for redevelopment with many, significant investments made into the downtown area in preparation for the first-in-state whitewater park. The remaining two buildings are on abutting parcels in downtown Pittsfield, less than a twenty minute drive from the state capital. This portfolio provides a mix of stable, long-term tenants and more recently move-ins with stronger rental rates. Opportunity exists for a new owner to increase rental income or decrease operating expenses to further improve the performance of this portfolio. Property addresses include (Franklin) 14 W Bow, 11 E Bow, 160 Central, 39 Elkins, 61 S Main, and 63 E Bow, & (Pittsfield) 9 Carroll and 13 Carroll. Financials and additional details available upon request.
Listed by Matthew Lefebvre of Elm Grove Realty
