382 Main Street

Multi-Family for Sale
Catylist Listing ID: 30758253
Property Subtypes: Mid-Rise
Number of Units: 4 Units
Building Size (RSF): 2,880 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $625,000
Unit Price: $156,250 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/24/2022

Overview / Comments

BUILDERS & INVESTORS-LOOKING FOR A 22 UNIT APT OR CONDO COMPLEX? This property is zoned and has enough land to add 18 more units to this existing 4 unit property. B1 zone allows for 1,000 SF per unit.See attached survey & zoning ordinance. Walking distance to all newly revitalized down town amenities, public transportation & Amtrak. Existing 4 unit building offers very nice apartments.Convenient & private location. GREAT INVESTMENT OPPORTUNITY! Annual Expenses-Taxes $5,734,Insurance $1,691,Water $460,Sewer $1,046, CMP $384,Heating Oil (950 gallons)$2,279. Showing schedule Tuesday & Friday at 3:00. 24 HOUR NOTICE REQUIRED.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 382MainBiddeford04005
Zoning: B1
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: 5-10 spaces on site
Total Parking Spaces: 10
Heat Type: Oil
Heat Source: Baseboard
Fuel: Oil
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,008 35,108 48,519
Median Age: 37.85 41.08 41.05
Households: 6,700 15,102 20,650


Photograph of Listing Agent

David Trottier

Realty Sales Inc.
NECPE Member
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