297 Main StreetFarmington, NH 03835MLS Number 4672714

  • Price: $305,000
  • Est. Mortgage of $/month
  • 188 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 4.53% last updated on Jul 12, 2018
* 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

Driving Directions

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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Wolfeboro Office 866-525-3946
Meredith Office 603-569-4663

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More Info

Parking

  • GarageHeated
  • Parking Spaces2

Building

  • Year Built1890
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units5
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms2
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Total Rooms2
  • Unit 5 Baths2
  • Unit 5 Bedrooms2
  • # of 1 Bedrooms4
  • # of 2 Bedrooms1
  • Bathroom5
  • Total Baths5
  • BasementBulkhead
  • FoundationBrick, Concrete

Basic Information

  • Date Listed01/09/2018
  • StatusACT
  • Property TypeMulti-Family
  • List Price$305,000
  • Agent NameCochran
  • Broker NameKeller Williams Coastal Realty
  • Date Price Change05/11/2018
  • MLS Number4672714

Interior

  • FloorsHardwood

Exterior

  • ExteriorClapboard, Vinyl
  • RoofMetal

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemGas Heater - Vented
  • WaterPublic
  • Water HeaterElectric
  • Electric100 Amp, Circuit Breaker(s)
  • SewerPublic

Other

  • Seasonal Y/NNo
  • Operating ExpensesGarbage, Heating Fuel, Insurance, Maintenance/Repairs, Water/Sewer
  • bloggingYes
  • Page599
  • Book3695
  • Delayed ShowingsNo
  • Number of Photos33
  • View Count16

Location

  • Building Number297
  • StreetMain
  • TownFarmington
  • StateNH
  • Zip03835
  • CountyStrafford
  • Flood Zone Y/NUnknown

Property

  • Acreage3.3
  • Square Feet3600
  • APX Fin AG Sqft3600
  • Road Frontage1
  • RoadsPublic
  • Lot DescriptionLevel, Major Road Frontage, River Frontage
Broker Reciprocity

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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