Excellent investment opportunity in a high-visibility location. This property includes a a 4-unit residential building fully leased at market rents with updated units and clean, uncluttered common areas. The property also has a separate building with an auto mechanic shop, office space, and 2 bedroom apartment above occupied by owner of mechanic business. The long-running auto mechanic shop is leased for $1,650/mo, and is grandfathered in as the only mechanic business allowed in Farmington's main commercial district. Will work well for investors looking to build equity in a cashflowing, stabilized property that does not need any major improvements.
Off market
Street View
Price Unknown
297 Main St, Farmington, NH 03835
6beds
3,600sqft
MultiFamily
Built in 1890
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- 3/4 bathrooms: 2
Heating
- Electric, Gas
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Vinyl
Lot
- Size: 3.30 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1890
Utilities & green energy
- Electric: Circuit Breaker(s), 100 Amp
- Sewer: Public
Community & neighborhood
Location
- Region: Farmington
Other
Other facts
- Construction: Wood Frame
- Driveway: Paved
- Electric: Circuit Breaker(s), 100 Amp
- Foundation: Concrete, Brick
- Roads: Public
- Sewer: Public
- Water: Public
- Unit 3 Rental Amt Freq: Monthly
- Total Stories: 2
- Construction Status: Existing
- Income Data Source: Owner Records
- Lot Description: Level, River Frontage, Major Road Frontage
- Flood Zone: Unknown
- Unit 1 Rental Agremnt: Yes
- Unit 2 Rental Agremnt: Yes
- Unit 3 Rental Agremnt: Yes
- Road Frontage: Yes
- Unit 4 Rental Amt Freq: Monthly
- Unit 1 Rental Amt Freq: Monthly
- Unit 2 Rental Amt Freq: Monthly
- Exterior: Clapboard
- Parking: On-Site, Garage, Paved, Parking Spaces 11 - 20, Driveway
- Trash: Dumpster, Private
- Unit 1 Info: Heat Included
- Unit 2 Info: Heat Included
- Surveyed: Yes
- Unit 3 Info: Heat Included
- Unit 4 Info: Heat Included
- Unit 5 Rental Agreement: Yes
- Garage: Yes
- Separate Utilities: Varies
- Unit 4 Rental Agremnt: Yes
- Unit 5 Rental Amt Freq: Monthly
- SqFt-Apx Fin AG Source: Other
- Garage Description: Heated
- Unit 5 Lease Term: Annual
- Zillow Group: Yes
- Style: Multi-Family
- Unit 1 Tenant Pays: Electric, Hot Water
- Unit 2 Tenant Pays: Electric, Hot Water
- Unit 1 Status: Leased
- Unit 1 Lease Term: Other
- Unit 2 Status: Leased
- Unit 3 Tenant Pays: Electric, Hot Water
- Unit 4 Tenant Pays: Electric, Hot Water
- Unit 5 Tenant Pays: Electric, Heat, Hot Water
- Unit 4 Status: Leased
- Unit 3 Status: Leased
- Unit 5 Status: Leased
- Garage Type: Other
- Unit 4 Lease Term: Other
- Unit 2 Lease Term: Other
- Continue to Show?: Yes
- Listing Status: Active Under Contract