356 Elm Street
Multi-Family
for Sale
| Catylist Listing ID: |
30865411 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,598 SF |
| Gross Land Area: |
0.35 Acres
|
| Sale Price: |
$745,000 |
| Unit Price: |
$186,250 Per Unit |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/13/2024 |
Overview / Comments
|
ROUTE 1 EXPOSURE WITH A HIGH TRAFFIC COUNT located at the 5 points intersection. 3.5 % DOWN PAYMENT-96.5 % FHA FINANCING AVAILABLE. This property is located in the B2 business zone and allows many different commercial & residential uses. Currently this building is utilized as a 4 unit apartment building, but it can additionally allocate for combined commercial & residential usage. This is an ideal diversified income producing property. Run your business from the large 1st floor front unit with the extensive route 1 exposure and collect the rent from the other three tenants. Don't let this location pass you by. The real estate being conveyed is the right side of the building only. The left side of the building is owned by someone else (360-364 Elm St). One structure with a center party wall separation. Showings are Tuesdays & Thursdays at 3:00. 24 HOUR NOTICE REQUIRED.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$6,351 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
356ElmBiddeford04005 |
| Zoning: |
B2 |
| Area Description: |
5 Points Intersection. Across the street from People's Choice Credit Union. Corner lot property. Sign out front. |
| Total Number of Buildings: |
1 |
| Year Built: |
1890 |
| Construction/Siding: |
Vinyl Siding, Other |
| Parking Type: |
Surface |
| Parking Description: |
5-10 spaces |
| Laundry: |
In Each Unit |
| Heat Type: |
Oil |
| Heat Source: |
Baseboard |
| Fuel: |
Oil |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,098 |
28,023 |
50,309 |
| Median Age: |
37.86 |
39.46 |
41.35 |
| Households: |
4,976 |
12,041 |
21,431 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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