$1,095,000

House for sale Farmington
Property photo number 1 of 6 Photos for Property. File  104543674_29_5cc1c684ea6b621716bae86b49ff63d4.jpeg

Overview

SUMMARY: Discover an opportunity with this Farmington house for sale and available for $1,095,000. This could be your next ideal home or a smart investment. More details await.
INVESTORS DREAM! 4-UNITS FULLY OCCUPIED WITH LEASES IN PLACE! Completely renovated 4-unit multifamily on approximately 1 acre is a lucrative turnkey investment opportunity with expansion potential for 4 additonal units! Originally built in 1988 and thoughtfully converted
from a single-family, this property now features four spacious 2-bedroom, 1-bath units, each updated for modern living and low-maintenance ownership. All units include brand new stainless steel appliances, flooring, paint, plumbing and electrical fixtures, and individual Navien high-efficiency propane combi boilers. Additional upgrades include vinyl windows, exterior doors, new exterior stairs and landings, and separate electrical panels. Each unit offers open-concept kitchen/living space, in-unit laundry hookups, and dual front/rear entrances. Unit layouts include approximately 1,125 SF (one with bonus flex space), 1,082 SF, 991 SF, and 832 SF, providing a range of comfortable living options. Property features vinyl siding, public water and sewer, a large paved parking area, and fire-rated separation between units. Propane tanks onsite (2 per unit, via Eastern Propane). Value-add potential includes basement storage rental income, possible condominium conversion, and opportunity to develop additional units (buyer to verify). Located in a flexible zoning district allowing multiple uses. Turnkey condition with strong income potential and future upside.

Details

  • Beds: 8
  • Baths: 4
  • Price: $1,095,000
  • Area: 4,600 sqft

Location

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