297 Main StreetFarmington, NH 03835MLS Number 4672714

  • Price: $305,000
  • Est. Mortgage of $/month
  • 137 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3.3Acreage
  • 5Bathroom
  • 1890Year Built
  • 3600Square Feet

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Turnkey investment opportunity currently operating at a cap rate of 11.95% located on 3.3 acres of land alongside the Cocheco River and Farmington Country Club. This property includes a 4-unit residential building and an auto mechanic shop with an additional 2-bedroom apartment and office space. The long-running auto mechanic shop is leased for $1,650/mo, and is grandfathered in as the only mechanic shop allowed in Farmington's main commercial district. All residential units are leased at market rents, and common areas of the building are clean and well-maintained. Will work well for investors looking for passive income from a stabilized property that does not need a lot of work, and could possibly be expanded beyond its current footprint.

Listed by Evan Cochran and Franco DiRienzo of Keller Williams Coastal Realty

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More Info

Basic Information

  • # of 1 Bedrooms4
  • # of 2 Bedrooms1
  • StatusACT
  • Units5

Building

  • Bathroom5
  • Total Baths5
  • Year Built1890
  • Water HeaterElectric
  • BasementBulkhead
  • FloorsHardwood
  • StyleMulti-Family
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Total Rooms2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Total Rooms2
  • Unit 4 Total Rooms2
  • Unit 5 Baths2
  • Unit 5 Bedrooms2

Basic Information

  • Date Listed01/09/2018
  • List Price$305,000
  • MLS Number4672714
  • Seasonal Y/NNo

Property

  • ZoningSr Sub
  • Road Frontage1
  • Acreage3.3
  • APX Fin AG Sqft3600
  • FoundationBrick, Concrete
  • Heat FuelGas - LP/Bottle
  • Property TypeMulti-Family
  • RoadsPublic
  • Square Feet3600

Amenities

  • Parking Spaces2

Other

  • Broker NameKeller Williams Coastal Realty
  • Agent NameCochran
  • Operating ExpensesGarbage, Heating Fuel, Insurance, Maintenance/Repairs, Water/Sewer
  • bloggingYes
  • Page599
  • Book3695
  • Delayed ShowingsNo
  • Number of Photos33
  • View Count1

Location

  • StreetMain
  • Building Number297
  • TownFarmington
  • Zip03835
  • CountyStrafford
  • Flood Zone Y/NUnknown
  • Lot DescriptionLevel, Major Road Frontage, River Frontage
  • StateNH

Exterior

  • ExteriorClapboard, Vinyl
  • RoofMetal

Utilities

  • Electric100 Amp, Circuit Breaker(s)
  • WaterPublic
  • Heat SystemGas Heater - Vented
  • SewerPublic
O'Rourke Realty
Office: 855-948-6867
126 Main Street
North Woodstock, NH 03262

Farmington, NH Demographics

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Farmington, NH Real Estate Market Data

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Farmington, NH Schools

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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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