$229,000
Excellent investment opportunity in Farmington! This well-maintained 2 unit is ideally located just minutes from the university, making it highly appealing for student rentals. Each unit features two bedrooms, a functional layout, and abundant natural light. The first-floor unit has been completely renovated, including new doors, a new bathroom vanity, a new bathtub and shower surround, new kitchen cabinets and fixtures, and new flooring offering modern appeal and added value. Whether you're looking to owner-occupy while offsetting your mortgage or expand your investment portfolio, this property offers strong and consistent income potential. Situated on a quiet road, the property also includes ample parking--an essential amenity for tenants. Building is currently vacant so easy to show and ready for owner occupied or pick your own tenants. Don't miss this chance to own this great investment!
Courtesy of NextHome Experience 207-573-7400
Listing Snapshot
Days Online
1
Last Updated
Full Baths
2
Square Ft.
1,428
Lot Size
0.09 Acres
Year Built
1900
MLS Number
1658578
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Bulkhead", "Brick/Mortar", "Crawl Space", "Partial", "Sump Pump", "Exterior Only", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 1,428, Construction Materials: "Clapboard", "Wood Frame", Number Of Units Total: 2, Year Built: 1900
Cooling
Cooling: "None"
Accessibility Features
Accessibility Features: "32 - 36 Inch Doors"
Expenses
Operating Expense: $8,430
Exterior Features
Other Equipment: "Cable", Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Floors
Flooring: "Vinyl", "Tile", "Laminate", "Carpet"
Foundation
Foundation Details: "Concrete Perimeter", "Slab", "Brick/Mortar"
Heating
Heating: "Zoned", "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $31,200
Interior Features
Features: "1st Floor Bedroom", "Bathtub"
Laundry
Features: "Laundry - Coin"
Lot
Features: "Corner Lot", "Level", "Sidewalks", "Intown", "Near Shopping", 0.09 acres, Area: 0.09, 3,920 square feet
Parking
Features: "1 - 4 Spaces", "Gravel", "On Site"
Property
Parcel Number: FARN-000000-U000031-000003, Zoning: town
Roof
Roof: "Metal"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $1,894, Tax Lot: 003
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04938
$237k
-8%
(avg) sold price
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+25%
homes sold
56
+43%
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Fred Andrews
Designated Broker | CEO

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Listing Information © Maine Real Estate Information System, Inc. All Rights Reserved.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.

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