$1,200,000 ($284.63 per sqft)

Est. Mortgage $6,468/mo *

Quick Pre-Approval

Listing courtesy of Maria Shute, RE/MAX Shoreline Phone: 603-431-1111


1252 Franklin Pierce Highway, Barrington, NH, 03825

1252 Franklin Pierce Highway, Barrington, NH, 03825

21 rooms

12 beds

4 Full baths

1962

Townhouse

4,216 sqft

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 currently well 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, cleared 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. The time to act is now!


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


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