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12 Grondin Dr 8 Unit Apartment Building Offered at $1,375,000 at a 8.19% Cap Rate Farmington, NH 03835
Executive Summary
12 Grondin Drive is a three-story, eight (8) unit residential building containing eight (8) 2-Bedroom/1-Bathroom units with 10,800 square feet of gross living area situated on a 0.69-acre parcel in Farmington, New Hampshire. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for trash and recycling removal. Off-street parking is available on site. The Property is 100% occupied and was substantially renovated in 2025 with over $133,000 in capital improvements. In-place gross scheduled rent is $13,150 per month ($157,800 annually) across units ranging from $1,350 to $1,825 per month. Net Operating Income is $98,840 reflecting a 7.19% capitalization rate at the asking price of $1,375,000 ($171,875 per unit). An adjacent 3.16-acre parcel is available separately at $70,000 and may be acquired in combination with the building upon request. Showings by appointment only. Do not disturb occupants.
Two other off market properties available for portfolio sale with this property. Total of 21 units including 12 Grondin.
Two other off market properties available for portfolio sale with this property. Total of 21 units including 12 Grondin.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,375,000 | Building Size | 7,970 SF |
| Price Per Unit | $171,875 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8.19% | Year Built | 1980 |
| No. Units | 8 | Parking Ratio | 1/1,000 SF |
| Property Type | Multifamily |
| Price | $1,375,000 |
| Price Per Unit | $171,875 |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 7,970 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 1/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | FRMN-000015R-000000-000001 | Total Assessment | $368,700 |
| Land Assessment | $135,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $232,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
FRMN-000015R-000000-000001
Land Assessment
$135,800
Improvements Assessment
$232,900
Total Assessment
$368,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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12 Grondin Dr