Multi-Family for Sale: 83 Elkins Street, Franklin, NH 03235 SOLD
6 beds
4 full baths
2,608 sqft
$435,000
$435,000
83 Elkins Street,
Franklin, NH 03235 SOLD
6 beds
4 full baths
2,608 sqft
$435,000
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Selling Price: $435,000
Original List Price: $424,900
Sold at 102.4% of list price
Sold Date: 08/16/2024
Type Multi-Family
Style Apartment Building, Multi-Family
Beds 6
Total Baths 4 full baths
Square Feet 2,608 sqft
Lot Size 0.11 acres
Year Built 1900
City Franklin
County Merrimack
MLS 5005074
Status Closed
DOM 5 days
One of the BEST INVESTMENT PROPERTIES on the market! Will NOT LAST at this price. Where else can you bring in $5,150 per month in rent on a buy-in purchase price of just $424,900? Nowhere. The $5,150/month is just the start, as rents are going nowhere but UP. FOUR UNITS, with TWO, 1-bedroom apartments, and TWO, 2-bedroom apartments. This property is PERFECT for either an INVESTOR, or an OWNER OCCUPIED situation. Three of the four apartments are on a one year lease, and one is on a month-to-month tenancy. An INVESTOR is free to continue the month-to-month rental, or convert to a lease. An OWNER OCCUPANT can live in one apartment, and collect rent on the other three. An OWNER OCCUPANT, using a minimal down payment FHA loan could literally live here with ZERO out of pocket housing expense, and actually pocket positive cash flow. An INVESTOR,using a 20% down payment can bring in nearly $1,800 per month (NET, after Operating Expenses and Debt Service) in pre-tax, positive cash flow. PERFECT LOCATION, within easy walking distance to the Franklin downtown. Barely 5 miles to Interstate-93, and just 13 miles to Laconia, and the HEART OF THE LAKES REGION. Wow!!!
Lot & Building Features
Appliances Water Heater, Water Heater – Tank, Water Heater – Off Boiler
Association Amenities Snow Removal
Utilities Cable, Telephone Available, Cable - Available
Construction Wood Frame
Cooling None
Heating Baseboard, Hot Water
Parking Description Assigned, Parking Spaces 4, Off Street, Driveway
Sewer Public Sewer at Street, Public Sewer On-Site
Tax Year 2024
Water Public Water - At Street, Public Water - On-Site
Basement Description Bulkhead, Unfinished, Full, Concrete Floor
Foundation Stone
Lot Description Corner, Street Lights, Level
Roof Shingle - Asphalt
Features Exterior Window Screens, Windows - Double Pane
Garage No
Unit Features
Unit 1 Apx Sqft 632
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Amount 1200.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 3
Unit 1 Status Leased
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 2 Lease Term Annual
Unit 2 Level Number 1
Unit 2 Rental Amount 1400.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Leased
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 3 Level Number 2
Unit 3 Rental Amount 1200.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Month to Month
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 4 Level Number 2
Unit 4 Rental Amount 1350.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 4
Unit 4 Status Leased
Price History of 83 Elkins Street, Franklin, NH
| Date | Name | Price | Difference |
|---|---|---|---|
| 07/15/2024 | Listing Price | $435,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by WWW.FLATFEEMLS4FREE.COM, Paul Marino
Sold by , Brian Quijada
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