Investors take notice! 4 Unit apartment building for sale within WALKING distance to downtown Farmington and the University system! This property has ample parking to accommodate tenants, great storage in the form of a garage/barn for personal or tenant storage and coin operated laundry in a common space for the tenants. Recent updates/upgrades include brand new heat pumps in all 4 units in 2024 and a recently updated 2-bedroom apartment (unit 2). This building consists of two, 2-bedroom units and two - 1-bedroom units with two of the units being on the ground level. Expand your current rental/investment portfolio or start with this one! Located in a busy college town, this property has cashflow and would be great passive income for the next buyer! Geographically, this property is about 40 mins from Augusta (Capitol of Maine), 1.5 hours to Portland & Bangor (both have airports) and only 3.5 hours to Boston! Enjoy the quaint downtown setting comprised of local shops and artisans, restaurants, and so much more! Enjoying skiing at the local ski mountain, Titcomb Mountain or drive just an hour to the iconic ski resorts, Sugarloaf USA or Saddleback in Rangeley! You don't want to miss this opportunity!
1107 - This three-unit apartment building has solid bones, highly insulated and fully leased producing income now! Large backyard for ADU potential. Car port, and plenty of off-street parking for tenants. Walking distance to downtown Farmington and Titcomb mountain. Local recreation such as Sugarloaf and Saddleback Mountain 45 minutes away. Featuring new asphalt roof on 2/3 of the house, standing seam roof repainted, shed dormer added to unit C, three new windows for egress, full prime and repainted unit C. New rear exterior staircase and basement staircase, and privacy fence added. New vinyl plank floors, drywall, paint in unit B. Many new stainless appliances, laundry room in unit B as well! FHA buyers welcome, live in one unit rent the others! Come take a look at this turnkey cash flowing asset with great rental history, in a prime neighborhood location, today!
Amazing Investment Opportunity! This beautiful Duplex sits just 5 minutes outside of downtown Farmington where all of your entertainment awaits. This recently updated property would be perfect for someone looking to owner occupy or to start up your investment portfolio! Being located across the street from the Sandy River gives you opportunities for plenty of outdoor adventures whether it be fishing or exploring! This property also boasts a nice little backyard and abuts the local ballfield giving a place for some outdoor activities. Come and see it today! Both units are also currently rented with a month to month lease!
Don't miss this great opportunity for investment property in the heart of Farmington. These 5 Multi-Units are near both the University of Maine at Farmington and Broadway St, the heart of Farmington where shops and dining are available. Not only do these properties have an amazing location and excellent rental history, they offer 9 single rooms and 21 other units ranging from efficiencies to 1, 2, 3, and even a 4 bedroom! Each tenant has their own assigned parking area in a newly paved and striped parking lot. Don't miss your chance to dive into Farmington's rental business! The details of this one listing are for a representative property and there are four other properties that are included and being sold as a package.
Solid, updated investment opportunity! This 5 unit bldg. is PRODUCING INCOME NOW! Located in the heart of West Farmington, this property offers convenience to all of Farmington's businesses, shops, services and recreational opportunities in both the historic & renewed sections of town. Easily walk to UMAINE Farmington campus, the Sandy River, Hippach Field or take a short drive to Titcomb ski area or Sugarloaf Mtn.
Farmington is located in Maine. Farmington, Maine has a population of 7,623. Farmington is more family-centric than the surrounding county with 26.67% of the households containing married families with children. The county average for households married with children is 25.9%.
The median household income in Farmington, Maine is $40,150. The median household income for the surrounding county is $45,541 compared to the national median of $57,652. The median age of people living in Farmington is 36.7 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 3.7 degrees. The average rainfall is approximately 46 inches per year, with 87.5 inches of snow per year.