12 Grondin Drive,Farmington, NH 03835
Farmington, NH 03835
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.
Details
| MLS # | 5100933 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1980 |
| Days On Site | 94 |
| Listing Provided By | EXP Realty | Justin Porter |
Features
| Garage | 8 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Zoning | RR |
| Acreage | 3.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Construction Materials | Other |
| Foundation Details | Concrete |
| Lot Features | Other |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Other |
|---|---|
| Electric | 100 Amp Service |
| Sewer | Private |
Taxes
| Tax Annual Amount | 17752 |
|---|---|
| Tax Block | 0000 |
| Tax Lot | 001 |
Area Information
| State | NH |
|---|---|
| County | Strafford |
| City | Farmington |
| Zip Code | 03835 |
| Area | NH Strafford |
| Listing VS Median (in 03835) | |
Price: $1,375,000 low | high Med: $0 On site: 94 low | high Med: | |
Market Activity 03835
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Learn More About This Property
| State | NH |
|---|---|
| County | Strafford |
| City | Farmington |
| Zip Code | 03835 |
| Area | NH Strafford |
| Listing VS Median (in 03835) | |
Price: $1,375,000 low | high Med: $0 On site: 94 low | high Med: | |