297 Main Street, Farmington, NH - 5Units - $305,000

297 Main Street, Farmington, NH

Price: $305,000 Status: Active
Taxes: $6,546 Lot Size 3.3

Comments:

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 of Keller Williams Coastal Realty.

   Photo 1 of 33   





Property Features

Property Information

MLS # 
4672714 
Number of Units 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
100 Amp, Circuit Breaker(s) 
Exterior 
Clapboard, Vinyl 
Exterior Features 
Not Available 
Finished Sq Ft 
3600 
Footprint 
Not Available 
Foundation 
Brick, Concrete 
Garage 
Yes 
Heat/Fuel 
Gas - LP/Bottle 
House Color 
Not Available 
Road Frontage 
Yes 
Roads 
Public 
Roof 
Metal 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 

Ask A Question

Mortgage Calculator

Downpayment

Mortgaged Amount:

Interest Rate:

Loan Length:

Monthly Payment:

(Principal + Interest)

Estimated Monthly Taxes:

* All numbers are estimates. Please consult your loan advisor

NEREN Logo

Copyright ©2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers who may be interested in purchasing. Data last updated 5/25/2018 5:01:47 AM