Property Details
Basic Information
- Property Style: Apartment Building
- MLS Number: 5100933
- Mls Status: Active
- List Price: $1,375,000
- Lot Description: Other
- Date Listed: 07/21/2026
- Units: 8
- Description: 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.
Building
- Acreage: 3.16
- Square Feet: 10,800
- Year Built: 1980
- Zoning: RR
- Roof: Asphalt Shingle
- Building Construction: Other
- Foundation: Concrete
Location
- County: Strafford
- Town: Farmington
Finance
- Taxes: $8,876
Interior Features
Bathrooms
- Bathrooms: 8
Utilities and Appliances
Utilities and Appliances
- Utilities: Other
Other Details
Water
- Water: Private