SOLD: Large New Englander

Franklin, NH

The Opportunity

This large New Englander may be a perfect opportunity for a group home or sober living investor. Original house has 5 bedrooms and 2 bathrooms. New addition with 2-car garage, +1 bedroom, and area for additional living/dining room. The 2 separate entrances to the property make this an easy conversion into a duplex. The tankless water heater is under 10 years old, and the roof is 5 years old. Great location within walking distance of downtown for shops or potential job opportunities. With the amount of money and recent projects being thrown into Franklin, this once off the map town can provide years of future opportunity and value. Now is the time to get ahead of it! Just a few minutes from the hospital and 15 minutes to Tanger Outlets in Tilton. Mill City Whitewater Park is right around the corner, close to Webster Lake and 30 minutes to Ragged Mountain to go and enjoy the great outdoors.

**** FRANKLIN is 1 of 27 census tracts around New Hampshire that were nominated to be included in the federal Opportunity Zone program in 2018. These low-income areas are aiding economic development by allowing INVESTORS TO DEFER CAPITOL GAINS on earnings that have been reinvested in these zones through Opportunity Funds.

See link below:

https://www.nheconomy.com/grow/opportunity-zones

Highlights:

  • 6 Bed / 2 Bath - 2,729 SqFt

  • New Addition w/+1 Bed, Kitchen, Living Room, and 2-Car Garage

  • 5 Year Old Roof and Tankless Water Heater Under 10 Years Old

  • Simple Conversion to ADU (Accessory Dwelling Unit) and Possible Duplex

  • Huge Opportunity for a Group Home or Sober Living Investor

  • Close to Webster Lake, Ragged Mountain, and Mills City Whitewater Park

 

Location

The property is located in Franklin, NH down the street from the Pemigewasset River. 3 Minutes to downtown and the hospital. 15 minutes to the Lakes Region. Under 30 minutes to Concord, NH.

Details

Purchase Price: $176,000 $134,000

Cash at Closing*: $33,000

Outstanding Balance: $101,000

Interest: 6%

PITI: $808/month

ARV: $395,000+

Give us a call for more details…

*Included in Purchase Price

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