41 Grove, Farmington, NH 03835

MLS #5065630

City:Farmington, State:NH

Price: $835000

41 Grove St contains three (3) 1-Bedroom/1-Bathroom units, two (2) 2-Bedroom/1-Bathroom units, and one (1) 2-Room Studio unit and is situated upon a 0.26-acre parcel and offers ample off-street parking spaces situated behind the property. The Landlord is responsible for providing oil heat, oil hot water, common area electric, and domestic water and sewer. The Property is separately metered for electricity, which the tenants pay directly. In-place rents are below current market levels, offering an opportunity to modernize unit interiors and common areas to capture higher rental income. The town’s limited multi-family inventory, strong local demand, and convenient access to nearby employment centers create a favorable environment for rental growth in this supply-constrained residential market. The Property is situated in an emerging market that is just off the Maine border and a short ride from the prime locations of Portsmouth, NH and Kittery, ME. 41 Grove St benefits from proximity to major routes, including Route 11 and Route 153, offering easy connections throughout Strafford County and into southern Maine. Farmington, NH offers a charming small-town atmosphere with a walkable downtown featuring local shops, restaurants, and community services. Residents and visitors also enjoy nearby parks, the Cocheco River, and easy access to hiking, biking, and seasonal outdoor recreation.