Closed

$395,000

113 Lake Avenue, Farmington, ME 04938

8beds

3,000sqft

Multi Family

Built in 1875

-- sqft lot

$498,900 Zestimate^®

$132/sqft

$1,284 Estimated rent

Home value

$498,900

$454,000 - $554,000

$1,284/mo

Zestimate^® history

Owner options

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$1,284/mo

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$1,284/mo

Rent Zestimate^®

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$2,022/mo

Est. payment

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$2,022/mo

Est. payment

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What's special

6 UNIT APARTMENT BUILDING WITH ALL UNITS CURRENTLY LEASED OUT!!! This well maintained apartment buiilding is situated in the heart of Farmington's Downtown District on a quiet road just minutes (Walk, Bike or Drive) from everything. There is parking available on-site for all of the tenants as well as garbage disposal. This location is always in high demand for renters, both college students and professionals alike. This is just minutes from the Historic Downtown Business District, local and state educational campuses, both Fire and Police Departments, Franklin Memorial hospital and affiliated medical providers and retail clothing, food and beverage stores. All current lease expiration dates range from May to September of 2024. COME AND EXPLORE THE POSSIBILITIES!!!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 7
Full bathrooms: 7

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Carpet, Laminate
Basement: Interior Entry,Partial

Interior area

Total structure area: 3,000
Total interior livable area: 3,000 sqft
Finished area above ground: 3,000
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 5 - 10 Spaces, On Site

Features

Stories: 3

Lot

Size: 0.28 Acres
Features: Near Shopping, Near Town, Neighborhood, Level, Open Lot, Sidewalks

Details

Zoning: Village Residential
Other equipment: Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Block, Stone
Roof: Shingle

Condition

Year built: 1875

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Farmington

Financial & listing details

Price per square foot: $132/sqft
Annual tax amount: $3,197
Date on market: 10/27/2023
Road surface type: Paved

Price history

Date	Event	Price
3/14/2024	Sold	$395,000-8.1%$132/sqft
Source: Maine Listings #1576053 Report a problem
1/9/2024	Contingent	$429,900$143/sqft
Source: Maine Listings #1576053 Report a problem
11/17/2023	Price change	$429,900-4.4%$143/sqft
Source: Maine Listings #1576847 Report a problem
10/27/2023	Listed for sale	$449,900$150/sqft
Source: Maine Listings #1576053 Report a problem