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297 Main StreetFarmington, NH 03835MLS Number 4672714

  • Price: $309,000The price has recently decreased
  • Est. Mortgage of $/month
  • 10 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-12-21

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 5Bathroom
  • 3.5Acreage
  • 3600Square Feet
  • 1890Year Built

Turnkey investment opportunity currently operating at a cap rate of 11.95% located on 3.5 acres of land alongside the Cocheco River and Farmington Country Club. This property is comprised of a 4-unit residential building and an auto mechanic shop with an additional 2-bedroom apartment and office space. The auto mechanic shop is leased to March 1st, 2018, 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 buildling 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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Our Main Office
19 Central Street
Farmington NH, 03835

Office: 603-755-9111

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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$309,000
  • MLS Number4672714
  • Seasonal Y/NNo

Property

  • ZoningSr Sub
  • Road Frontage1
  • Acreage3.5
  • 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

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
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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RW REAL ESTATE

19 Central Street, Farmington, NH 03835
Phone: 603.755.9111
Fax: 603.755.9115
Email: rwrealty@worldpath.net

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