Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30114585
Property Subtypes: Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 6,264 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $305,000
Unit Price: $50,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/16/2017

Overview / Comments

6 unit building in short walking distance to all revitalized downtown amenities & Amtrak. Building is fully occupied. Rents are below market value due to a few long term tenants. Plenty of room for rental increase due to large unit size. Building is in good mechanical condition. Natural gas heat. SHOWINGS ARE WEDNESDAYS & THURSDAYS ONLY with 24 hour notice. Annual Expenses: oil $2,732.07, Landlord Meter $725, Water/Sewer $3,020.36, Insurance $1,533, Taxes $4,802. Must see!

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 27HighBiddeford04005
Zoning: R2
Property Located Between: From Pool or Bacon Street, turn on to High Street.
Site Description: From Pool or Bacon Street, turn on to High Street. Building is across the street from the large apartment complex parking lot.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Roof Type: Flat
Construction/Siding: Vinyl Siding
Parking Description: 1-4 spaces. Paved driveway.
Total Parking Spaces: 4
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Baseboard
Zoning Description: R2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,498 32,750 51,243
Median Age: 36.35 41.62 41.35
Households: 6,577 14,465 21,778

Contact

Photograph of Listing Agent

David Trottier

Realty Sales Inc.
NECPE Member
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