Listings for Franco DiRienzo

297 Main, Farmington, NH 03835

Price$309,000

Est. Mortgage: $/month

MLS Number 4672714

  • Multifamily Multi-Family
  • Units 5
  • Bathroom 5
  • Acreage 3.3
  • Square Feet 3600

Turnkey investment opportunity currently operating at a cap rate of 11.95% located on 3.3 acres of land alongside the Cocheco River and Farmington Country Club. This property includes a 4-unit residential building and an auto mechanic shop with an additional 2-bedroom apartment and office space. The long-running auto mechanic shop is leased for $1,600/mo, 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 building 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

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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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83 Charles, Farmington, NH

MLS Number 4674029

  • Commercial
  • Year Built 2000
  • Acreage 1.61

With over $54k in equipment and priced $67k below assessed value, this property is a phenomenal buy for an entrepreneur or existing business looking for a turnkey venue along a visible, well-trafficked route. The space is currently set up with an open commercial-grade kitchen perfect for a take-out sub/pizza place or breakfast restaurant. New owner can also benefit from additional income streams by getting permits for beer/wine sales, lottery ticket sales, etc. Lot itself is large with plenty of parking, and would also work well as a daycare or professional office. Well-maintained throughout and easy to show.

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

{$agent->Name}

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

Do not fill in this field:

Do not fill in this field:

$
$
%
$/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.

Save FavoriteSchedule A VisitAsk A QuestionMore Details

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