Mixed Use Investment Opportunity

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 29639547
Property Subtypes: Mixed Use, Other
Number of Units: 9 Units
Building Size (RSF): 9,982 SF
Sale Price: $1,900,000
Unit Price: $211,111.11 Per Unit
Property Use Type: Investment
Building Name: Badger's Island
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2017

Overview / Comments

Investment Opportunity in this mixed use building 100% occupied.
Located on Badgers Island just over the bridge from Downtown Portsmouth. There are 2 commercial units, 7 residential units, and 10 boat slips, along with 27 parking spaces. Great water views up and down the river, and the Portsmouth skyline. Condo Doc's are in place if separation desired, or renovate and reap the increased income and cash flow from the areas high apartment demand.

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $11,973 (Annual)
Gross Operating Income $157,940 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Portland-South Portland
County: York
Submarket/Township: Kittery/York/Eliot
Tax ID/APN: 1143-26756
Zoning: COMMERCIAL
Market Type: Medium
Road Type: Paved
Site Description: property type: Off Ind Ret Flex Parking: 27 Spaces off street parking HVAC: Gas/Oil Power: Electric Const.Type: Wood Frame
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1900
Roof Type: Hip
Construction/Siding: Wood Siding
Parking Type: Surface
Laundry: Shared
Heat Type: Electricity
Heat Source: Baseboard, Wall Units, Other
Fuel: Electric, Propane

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,975 26,035 43,736
Median Age: 40.85 41.99 43.11
Households: 3,913 12,353 19,842

Contact

Photograph of Listing Agent

Stephen McCann

Samonas Realty NECPE Member
Photograph of Listing Agent

John Samonas

Samonas Realty NECPE Member

Source

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