Multi-Family for Sale: 83 Elkins Street, Franklin, NH 03235 SOLD
6 beds
4 full baths
2,608 sqft
$435,000
$435,000
83 Elkins Street,
Franklin, NH 03235 SOLD
6 beds
4 full baths
2,608 sqft
$435,000
Previous Photo
Next Photo
Click on photo to open Slide Show.
Selling Price: $435,000
Original List Price: $424,900
Sold at 102.4% of list price
Sold Date: 08/16/2024
Type Multi-Family
Style Apartment Building, Multi-Family
Beds 6
Total Baths 4 full baths
Square Feet 2,608 sqft
Lot Size 0.11 acres
Year Built 1900
City Franklin
County Merrimack
MLS 5005074
Status Closed
DOM 5 days
One of the BEST INVESTMENT PROPERTIES on the market! Will NOT LAST at this price. Where else can you bring in $5,150 per month in rent on a buy-in purchase price of just $424,900? Nowhere. The $5,150/month is just the start, as rents are going nowhere but UP. FOUR UNITS, with TWO, 1-bedroom apartments, and TWO, 2-bedroom apartments. This property is PERFECT for either an INVESTOR, or an OWNER OCCUPIED situation. Three of the four apartments are on a one year lease, and one is on a month-to-month tenancy. An INVESTOR is free to continue the month-to-month rental, or convert to a lease. An OWNER OCCUPANT can live in one apartment, and collect rent on the other three. An OWNER OCCUPANT, using a minimal down payment FHA loan could literally live here with ZERO out of pocket housing expense, and actually pocket positive cash flow. An INVESTOR,using a 20% down payment can bring in nearly $1,800 per month (NET, after Operating Expenses and Debt Service) in pre-tax, positive cash flow. PERFECT LOCATION, within easy walking distance to the Franklin downtown. Barely 5 miles to Interstate-93, and just 13 miles to Laconia, and the HEART OF THE LAKES REGION. Wow!!!
Lot & Building Features
Appliances Water Heater, Water Heater – Tank, Water Heater – Off Boiler
Association Amenities Snow Removal
Utilities Cable, Telephone Available, Cable - Available
Construction Wood Frame
Cooling None
Heat Source Oil
Heating Baseboard, Hot Water
Parking Description Assigned, Parking Spaces 4, Off Street, Driveway
Sewer Public Sewer at Street, Public Sewer On-Site
Tax Year 2024
Water Public Water - At Street, Public Water - On-Site
Basement Description Bulkhead, Unfinished, Full, Concrete Floor
Foundation Stone
Lot Description Corner, Street Lights, Level
Roof Shingle - Asphalt
Features Exterior Window Screens, Windows - Double Pane
Garage No
Unit Features
Unit 1 Apx Sqft 632
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Amount 1200.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 3
Unit 1 Status Leased
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 2 Lease Term Annual
Unit 2 Level Number 1
Unit 2 Rental Amount 1400.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Leased
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 3 Level Number 2
Unit 3 Rental Amount 1200.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Month to Month
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Info Appliances Included, Smoke Detector, Refrigerator, Range - Electric
Unit 4 Level Number 2
Unit 4 Rental Amount 1350.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 4
Unit 4 Status Leased
Price History of 83 Elkins Street
| Date | Name | Price | Difference |
|---|---|---|---|
| 07/15/2024 | Listing Price | $435,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by WWW.FLATFEEMLS4FREE.COM, Paul Marino
Sold by , Brian Quijada
Browse By Area
 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: WWW.FLATFEEMLS4FREE.COM Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/19/2024 |