Price Reduced 8.33%
Listing courtesy of Maria Shute, RE/MAX Shoreline Phone: 603-431-1111
Price History
$1,200,000
2/9/2024
$1,100,000
6/10/2024
1252 Franklin Pierce Highway, Barrington, NH, 03825
21 rooms
12 beds
4 Full baths
1962
Townhouse
4,216 sqft
PRICE ADJUSTMENT Welcome to 1252 Franklin Pierce Highway a unique investment opportunity! Nestled toward the rear of 21.5 sprawling acres of prime real estate, this 4-unit (all 3-bedrooms) townhouse style multifamily property offers a lifestyle of serenity and potential. With rents below market value and a roster of long-time tenants, this gem offers immediate stability with room to maximize returns. This property isn't just about the present; it's about unlocking the future. A surveyor's concept subdivision plan reveals the tantalizing prospect of five additional house lots in the front, open field portion of the property, presenting an unparalleled chance for expansion and increased revenue streams. Whether you're an astute investor seeking to capitalize on the existing income stream and add to it with the construction of additional rental units, or a visionary developer or home builder looking to unlock the full potential of this developable land, this offering is tailor-made for those with an eye for opportunity and a penchant for success. Several outbuildings that currently serve a separate business operated by the owner will transfer, including a 2-room mobile office and a domed truck shed w/ Phase 3 electricity service. Business does not convey. Seize the moment with this exceptional property!
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
Res
Frontage:
1055
Heating:
Hot Water, Stove - Wood
Cooling:
None
Parking:
Parking Spaces 5 - 10
Acreage:
21.5
Est. Taxes:
$8,884
Lot Description:
Country Setting,Field/Pasture,Level,Open,Sloping,Wooded
Elementary School:
Barrington Elementary
Middle School:
Barrington Middle
High School:
Oyster River High School
MLS #:
4984561