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28826923
28826924

22 Range Rd, Franklin, NH 03235

DK
MA MA 9504385
Horvath & Tremblay
WP
NH 074816, MA 9564246
Horvath & Tremblay
Listed by Horvath & Tremblay
$3,000,000
180 days on market
Updated 54 days ago
Opportunity zone

LaBranche Mobile Home Park

Details
Property Type Multifamily
Sub Type RV Park
Units 51
Cap Rate 3.97%
NOI $119,191
Year Built 1965
Acreage 17.500
Parking Spaces spaces
Investment Type Value Add
Ownership Fee Simple

Multifamily | 51 Units | $58,824/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the LaBranche Mobile Home Park, a 55+ manufactured home community located in Franklin, NH (the “Property”). The Property is spread out over 17.5 acres of land, the quiet setting offers a traditional neighborhood feel with tree-lined streets and green space. The community contains fifty-one (51) mobile home sites and was originally established in 1965. Each tenant is responsible for their own oil and propane powered heat and hot water, as well as separately metered electricity, which tenants pay directly. The Landlord is responsible for providing common area electric, and public water and sewer.

LaBranche Mobile Home Park is located just off Route 3A (NH-3A), along the Pemigewasset River and just 1.2 miles away from Webster Lake. The Property offers its residents tranquil living in the inviting state of New Hampshire. Labranche Mobile Home Park is located within Merrimack County, and offers numerous dining, recreational, shopping, and family-oriented amenities.

Investment highlights

ACCESS & CONNECTIVITY: LaBranche Mobile Home Park is situated upon Range Road in Franklin, NH, offering residents a convenient setting within this historic Merrimack County city. The community provides quick access to Franklin’s local retail, schools, and services, while nearby U.S. Route 3 and Interstate 93 ensure efficient regional connections to Concord, Laconia, and the Lakes Region. The property’s central location supports both year-round living and seasonal recreation, with public amenities and abundant outdoor activities available within minutes.

AREA AMENITIES & DEMAND DRIVERS: The surrounding area features a mix of neighborhood retail, schools, healthcare providers, and community resources. Franklin serves as a regional service hub for central New Hampshire and benefits from its proximity to larger employment centers in Concord and the Lakes Region. The city continues to invest in revitalization efforts, supported by its location along the Winnipesaukee River and easy access to outdoor recreation, which help sustain long-term residential demand.

Merrimack County, New Hampshire offers a variety of amenities that cater to residents and visitors alike. Wasserman Park in Merrimack is a key recreational area featuring picnicking, swimming, fishing, tennis, pickleball, volleyball, basketball, ball fields, a dog park, and a playground on a spacious 46-acre site, with trails connecting to natural areas like Horse Hill Nature Preserve. The county also has multiple parks that offer youth sports, walking trails, and community events, as well as campgrounds nearby where visitors can enjoy water sports, boating, hiking, and horseback riding.

Dining options in Merrimack County range from casual diners to steakhouses and include Mediterranean, Mexican, Asian, and American cuisines, with popular spots like Buckley's Great Steaks, The Common Man Merrimack, Lobster Boat Restaurant, and Mona’s Mediterranean. For shopping, the county is home to small businesses, bakeries, and cafes that foster a community-centered experience, alongside nearby outlet malls and retail centers in areas like Tilton and Concord.

Additionally, Merrimack County supports family-friendly amenities such as reputable schools, community events organized by the Parks & Recreation Department, and social activities like movie nights and health awareness events

PARK LIKE SETTING & COMMUNITY FEEL: LaBranche Mobile Home Park benefits from a park-like rural setting on 17.5 acres of land. The individual home sites are well spaced and surrounded by trees, shrubbery, and foliage with paved roads and private parking for each site. The mobile home park creates a community like feel with its numerous tenants and cozy feel in a private, rural setting.

SIGNIFICANT UPSIDE: LaBranche Mobile Home Park offers significant upside by bringing currently below market rents to market rates. Additionally, the opportunity exists to upgrade community common areas to drive rental rates and increase demand for a unique asset class.

UTILITIES: Each tenant is responsible for their own oil and propane powered heat and hot water, as well as separately metered electricity, which tenants pay directly. The Landlord is responsible for providing common area electric, and public water and sewer.

STRONG RENTAL DEMOGRAPHICS & DEMAND: More than 9,400 people live within 3 miles of the Property with an average household income of $92,514. Over 16,700 people reside within 5 miles of the Property with an average household income of $96,689.

AREA RECREATION: Franklin, New Hampshire offers a mix of small-town charm and growing urban amenities, making it an appealing place to live and visit. Nestled in the heart of Central New Hampshire, the city is known for its rich history tied to its mills and riverfront, now evolving with new shops, restaurants, and outdoor activities. The city boasts access to natural attractions including rivers for kayaking and fishing, well-maintained parks, and trails for hiking and biking. Community life is enriched by cultural events, historic sites such as Daniel Webster’s birthplace, and recreational opportunities like the soon-to-be first whitewater rafting park in New England. While Franklin maintains a close-knit feel, it also provides big-city services including a hospital and 24/7 ambulance care. Active local groups and social events foster a sense of community, making daily life vibrant and engaging for residents and visitors alike.

PROXIMITY TO MAJOR CITIES: Franklin, New Hampshire enjoys convenient proximity to several major cities in the region. It is located about 15 miles from Concord, the state capital, providing easy access to government, healthcare, and cultural amenities. Manchester, New Hampshire’s largest city, is roughly 20 miles away, offering extensive retail, dining, and entertainment options. Laconia, known for its recreational activities around Lake Winnipesaukee, is approximately 10 miles from Franklin. Boston, Massachusetts, a major metropolitan hub, is about 75 miles to the south, reachable within roughly 1.5 hours by car, connecting Franklin residents to broader urban and economic opportunities while retaining a small-town lifestyle. Nearby smaller towns such as Tilton and Northfield are just 3 miles away, enhancing local community access.

Listing Contacts

DK
MA MA 9504385
Horvath & Tremblay
WP
NH 074816, MA 9564246
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$119,191.00
$9,932.58/mo

Valuation Metrics

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DSCR
3.97%
Cap Rate
3.97%
ROI

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Additional Information

Name
Ethan Cole
License
064406
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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