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$369,000   Price Analysis
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116 Oakes St
Farmington, ME 04938
Unknown bed 5 bath 2,000 SqFt ($184/SqFt)
0.27 acre lot. Built 1790
Listed 2024-01-13
USDA Eligible
near Farmington, ME
 

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 and rnewed sections of town.

Easily walk to UMA INE Farmington campus, the Sandy River, Hippach Field or take a short drive to Titcomb ski area or Sugarloaf Mtn.


Presented by Mark Moody at
Better Homes and Gardens Real Estate The Masiello Group.
Listing Agent Photo

Property MLS #1580380 from MaineListings

Total Bathrooms: 5
Full Bathrooms: 5

Basement Features: Interior Entry, Walk-Out Access, Unfinished

Heating Features: Heat Pump, Forced Air, Direct Vent Furnace
Heating: Yes

Flooring: Vinyl

Lot Description: Level, Intown, Near Shopping, Neighborhood, Rural, Ski Resort
Lot Size Acres: 0.27
Lot Size Square Feet: 11761

Parking Features: 5 - 10 Spaces, Common, On Site, Off Street

Gross Income: 43200

Number of Units: 5

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 1303
Source Listing Status: Active
County: Franklin
Directions: GPS
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: FARN-000000-U000031-000013
Postal Code Plus 4: 5889
Zoning: RB
Source System Name: C2C

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Operating Expense: 6531

Year Built: 1790
Above Grade Finished Area: 2000
Building Area Total: 2000
Building Exterior Type: Vinyl Siding, Wood Frame
Construction Materials: Vinyl Siding, Wood Frame
Property Age: 234
Roof: Metal
Architectural Style: Cape, New Englander

Sewer: Public Sewer
Utilities On
Water Source: Public

Mt Blue High School is a public high school located approximately 2 miles away.
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W G Mallett School is a public elementary school located approximately 0.8 miles away.
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Calvary Hill Christian School is a private elementary and middle school located approximately 1.1 miles away.
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Mt Blue Middle School is a public middle school located approximately 1.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.