116 Oakes Street

Farmington, ME 04938

MLS ID# 1580380 Active

$389,000

0 parking spaces
2000 sqft


Description

Solid, updated investment opportunity! This 5 unit bldg. is fully occupied & PRODUCING INCOME NOW! Located in the heart of West Farmington, this property offers convenience to all of Farmington's businesses, shops, services and recreational opportun... show more

Location Information

  • Street # 116
  • Street Name Oakes
  • Street Type Street
  • County Franklin
  • Town Farmington
  • State/Province ME
  • Zip Code 04938
  • Zip +4 5889
  • Leased Land No
  • Book 3671
  • Page 278
  • Map U31
  • Lot 13
  • Zoning RB
  • Zoning Overlay Unknown
  • Tax ID FARN-000000-U000031-000013
  • Association No
  • Full Tax Amount 1303
  • Tax Year 2022

Property Information

  • Surveyed Unknown
  • Seasonal No
  • Number of Units 5
  • Total Baths 5
  • Total Full Baths 5
  • Total Half Baths 0
  • Year Built 1790
  • SqFt Finished Above Grade 2000
  • SqFt Finished Below Grade 0
  • SqFt Finished Total 2000
  • SqFt Source Public Records
  • Other Source of Square Footage prior listing
  • Garage No
  • Garage Spaces 0
  • Lot Size Acres +/- 0.27
  • Source of Acreage Public Records
  • Road Frontage Yes
  • Road Frontage +/- 109.56
  • Source of Road Frontage Deed

Compensation & Misc Info

  • Buyer Agency 2%

Directions

GPS

Details

  • Site

    Level

  • Roads

    Paved, Public

  • Transportation

    Major Road Access

  • Water Info

    No Water Frontage, No Water View, No Island

  • Recreational Water

    Lake/Fresh Water, Nearby, River/Brook/Stream

  • Income & Expenses

    Gross Income:43200, Operating Expenses:6531

  • Units

    # of 1 BD Units:3, # of 2 BD Units:2, # of 3 BD Units:0, # of 4+ BD Units:0

  • Unit 1

    Lease, Level:First, Security Deposit, Monthly Rent:750, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 2

    No Lease, Level:First, Security Deposit, Monthly Rent:600, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 3

    Lease, Level:First, Security Deposit, Monthly Rent:700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 4

    Lease, Level:First, Security Deposit, Monthly Rent:750, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 5

    Lease, Level:Second, Security Deposit, Monthly Rent:800, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Style

    Cape, New Englander

  • Construction

    Wood Frame

  • Basement

    Unfinished

  • Basement Entry

    Interior, Walk-Out

  • Exterior

    Vinyl Siding

  • Roof

    Metal

  • Heat System

    Direct Vent Furnace, Forced Air, Heat Pump

  • Heat Fuel

    Electric, Oil, Propane

  • Water Heater

    Electric

  • Cooling

    None

  • Floors

    Vinyl

  • Driveway

    Common

  • Parking

    5 - 10 Spaces, Off Street, On Site

  • Vehicle Storage

    No Vehicle Storage

  • Electric

    Circuit Breakers

  • Utilities

    Utilities On

  • Gas

    Bottled

  • Sewer

    Public Sewer

  • Water

    Public


This listing was last updated on 2024-04-11T14:36:20Z

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.