Listings for Franco DiRienzo

297 Main, Farmington, NH 03835


Est. Mortgage: $/month

MLS Number 4672714

  • Multifamily Multi-Family
  • Units 5
  • Bathroom 5
  • Acreage 3.5
  • Square Feet 3600

Turnkey investment opportunity currently operating at a cap rate of 11.95% located on 3.5 acres of land alongside the Cocheco River and Farmington Country Club. This property is comprised of a 4-unit residential building and an auto mechanic shop with an additional 2-bedroom apartment and office space. The auto mechanic shop is leased to March 1st, 2018, and is grandfathered in as the only mechanic shop allowed in Farmington's main commercial district. All residential units are leased at market rents, and common areas of the buildling are clean and well-maintained. Will work well for investors looking for passive income from a stabilized property that does not need a lot of work, and could possibly be expanded beyond its current footprint.

Listed by Evan Cochran and Franco DiRienzo of Keller Williams Coastal Realty


RE/MAX Bayside Laconia
604 Main Street
Laconia NH, 03246
Office: 603-527-8200

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$/month over payments
Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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