1252 Franklin Pierce Highway Barrington NH Multi Family For Sale $1200000

List Price: $1,200,000 | $285 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 0 One Bedroom Units , 0 - Two Bedroom Units ,4 - Three Bedroom Units
Date Listed Friday Feb 9, 2024 | MLS# 4984561

Subdivision conceptual plan for upper field

Upper field - 1055' road frontage - 2 entrances

Aerial - showing upper field

Owners 12x18 addition on end

Owner's unit

Owner's unit - 12x18 addition

Owner's unit

Owner's unit - heats w/ wood stove - Baseboard IS in place for FHW

Owner's unit - stair landing

Owner's unit - Bedroom 1

Owner's unit - Bedroom 2

Owner's unit - Bedroom 3

Owner's unit - Mechanincal room/Laundry

Outbuilding w/ Phase 3 electric service

Owner's storage shed

Portable office - used for business currently operated on site

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Address: 1252 Franklin Pierce Highway Barrington NH
Listed by Maria Shute RE/MAX Shoreline
Description:
Welcome to 1252 Franklin Pierce Highway a unique investment opportunity! Nestled toward the rear of 21.5 sprawling acres of prime real estate, this 4-unit (all 3-bedrooms) townhouse style multifamily property offers a lifestyle of serenity and potential. With rents currently well below market value and a roster of long-time tenants, this gem offers immediate stability with room to maximize returns. This property isn't just about the present; it's about unlocking the future. A surveyor's concept subdivision plan reveals the tantalizing prospect of five additional house lots in the front, cleared field portion of the property, presenting an unparalleled chance for expansion and increased revenue streams. Whether you're an astute investor seeking to capitalize on the existing income stream and add to it with the construction of additional rental units, or a visionary developer or home builder looking to unlock the full potential of this developable land, this offering is tailor-made for those with an eye for opportunity and a penchant for success. Several outbuildings that currently serve a separate business operated by the owner will transfer, including a 2-room mobile office and a domed truck shed w/ Phase 3 electricity service. Business does not convey. Seize the moment with this exceptional property. The time to act is now!

Annual Expenses

Taxes: $8,884

Income

Appliances : Water Heater � Electric

UNIT 1 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Sq.Ft.: 1000
Tenant Pays : Electric,Heat,Hot Water
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

UNIT 2 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Sq.Ft.: 1000
Style : Townhouse
Tenant Pays : Electric,Heat,Hot Water
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

UNIT 3 INFORMATION

UNIT 4 INFORMATION

Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 1216
Style : Townhouse
Info : Stove - Wood
Lease Term : Owner Occupied

Construction: Wood Frame | Vinyl Exterior
Year Built: 1962
Style: Townhouse
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4216
Above Grade Sq.Ft.: 4216
Foundation size 20x100, 12x18.
Foundation: Slab - Concrete

Roof: Membrane | Shingle - Architectural
Garage And Parking: Parking Spaces 5 - 10
Seasonal: No

Additional Information
Block - 000
Taxes $8,884
Assesed Value Not Reported

Schools
Elementary School: Barrington Elementary
Middle School: Barrington Middle
High School: Oyster River High School

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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