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Listed by William Peck • Horvath & Tremblay LLC
$ 950,000
Est. payment | /mo
3,815 SqFt
$ 950,000
Est. payment | /mo
3,815 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,815 sqft
Price per Sqft $249
MLS Listing ID 5065628
Construction Status Existing
Year Built 1900
Lot Size 0.990 Acres
Acres 0.99
Property Description
343 Main St contains (7) 1-Bedroom/1-Bathoom units and is situated upon a 0.99-acre parcel and offers ample off-street parking spaces situated to the side of the property. All Tenants are responsible for their own electric, and in addition Unit 2 is responsible for their own propane heat & hot water. The Landlord is responsible for common area electric, propane heat & hot water for six of the seven units, and public water & sewer. In-place rents in the Property are below current market levels, offering an opportunity to modernize unit interiors and common areas to capture higher rental income. The town's limited multi-family inventory, strong local demand, and convenient access to nearby employment centers create a favorable environment for rental growth in this supply-constrained residential market. The Property is situated in an emerging market that is just off the Maine border and a short ride from the prime locations of Portsmouth, NH and Kittery, ME. 343 Main benefits from proximity to major routes, including Route 11 and Route 153, offering easy connections throughout Strafford County and into southern Maine. 343 Main is a short ride from the prime locations of Portsmouth, NH and Kittery, ME. Farmington, NH offers a charming small-town atmosphere with a walkable downtown featuring local shops, restaurants, and community services. Residents and visitors also enjoy nearby parks, the Cocheco River, and easy access to hiking, biking, and seasonal outdoor recreation.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning R
Rooms
Basement Entrance Walkout
Basement Unfinished
Interior
Cooling Other
Exterior
Utilities Available Other
Roof Type Membrane,Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Other
Construction Status Existing
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170 Commerce Way Unit 200, Portsmouth, New Hampshire, 03801, USA