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.
