Biddeford Multi-Unit Investment Package

Multi-Family for Sale
Catylist Listing ID: 30131213
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: 21 Units
Building Size (RSF): 13,437 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $1,224,000
Unit Price: $58,285.71 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2017

Overview / Comments

We are pleased to present for sale TWO multi-unit buildings in downtown Biddeford: 159 ELM and 23 GREEN. 159 Elm offers 15 residential units (7 one-bed, 7 two-bed, and one 3-bed unit) plus an office and a garage unit with overhead door and work space. Many units boast recent upgrades, including appliances, cabinets, flooring, paint, counters, bathrooms, windows and insulation. On-site manager and 4 off-street parking spaces. 23 Green St offers 4 units with first floor beautifully renovated in June 2017. An outstanding investment opportunity!

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31050_38-145
Zoning: MSRD 2
Highway Access: Easy access to I-95 (Maine Turnpike) and I-195
Airports: Biddeford Municipal Airport
Area Description: Biddeford is the principal commercial center of York County, in Southern Maine, located approximately 20 minutes south of Portland. The population was 21,277 at the 2010 census.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1900
Year Renovated: 2017
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Four off-street spaces; on-street parking
Total Parking Spaces: 4
Heat Type: Hot Water
Fuel: Oil
Lot Frontage: 137
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,090 33,925 51,243
Median Age: 37.85 41.03 41.35
Households: 7,564 14,694 21,778


Photograph of Listing Agent

Cheri Bonawitz, CCIM

Cardente Real Estate NECPE Member
© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.