11 Unit Mixed Use Investment Opportunity

Highlights:

• Recent upgrades to unit 2, 3, 7 & 8
• Unit 4 is all brand new
• Retail spaces are all newly renovated
• Security cameras installed throughout property
• New 3 year lease with annually escalating rents
• Newly paved parking area behind building
• Coin-op laundry for tenants convenience

Description:

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.

Located in the vibrant heart of Franklin, New Hampshire, recent revitalization endeavors have rejuvenated the community, captivating both residents and visitors alike. This property offers three prime commercial spaces, strategically positioned amidst bustling foot traffic in the downtown district, complemented by eight residential units above.

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