Catylist ID:
#30849841
Berwick 22 Unit Multi-Unit Package
Multi-Family
for Sale
| Catylist Listing ID: | 30849841 |
| Property Subtypes: | Duplex/Fourplex, Other |
| Number of Units: | 22 Units |
| Building Size (RSF): | 17,500 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,650,000 |
| Unit Price: | $165,909.09 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.65% |
| Last Updated: | 4/26/2024 |
Overview / Comments
|
Welcome to this exceptional investment opportunity—a 22-unit multi-unit package located in Berwick, Maine. This property offers a unique blend of historic charm and clean, well-maintained conditions, making it an ideal choice for workforce housing in the area. Situated in a prime location, this older building exudes character and is ready to meet the housing needs of the local workforce. The well-preserved exterior showcases the building's timeless architecture, while the interior has been carefully maintained to provide a comfortable and inviting living environment for residents. With 22 units available, this multi-unit package caters specifically to the demand for affordable housing among the local workforce. Each unit within the building has been thoughtfully designed to balance functionality and comfort, ensuring that residents have a pleasant living experience. The units may feature a mix of spacious studios, one-bedroom, and two-bedroom apartments, providing options that accommodate different household sizes and configurations. While retaining its older charm, the building has been kept in clean condition to meet modern standards. The units boast well-maintained interiors, featuring ample natural light, neutral color palettes, and clean finishes. Practical layouts optimize the use of space, while upgraded fixtures and appliances add a touch of modern convenience. Residents of this workforce housing community will appreciate the range of amenities available. Common areas may include a communal lounge, an outdoor gathering space, or a shared laundry facility. These spaces provide opportunities for residents to socialize, relax, and build a sense of community within the building. Located in Berwick, Maine, this property offers convenient access to local employment centers, educational institutions, and essential amenities. The town's close-knit community atmosphere and rich history contribute to its appeal, making it an attractive place for the local workforce to call home. Investing in this 22-unit multi-unit package in Berwick, Maine provides an excellent opportunity to support the community by providing clean, well-maintained workforce housing. With the demand for affordable housing on the rise, this investment promises not only stable rental income but also the chance to positively impact the lives of hardworking individuals and families in the area. Don't miss the opportunity to own this older building in clean condition, offering quality housing to the local workforce while preserving its historic charm. |
Attachments & Media
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | York |
| Tax ID/APN: | 1234567 |
| Zoning: | R1 |
| Total Number of Buildings: | 3 |
| Property Condition: | Good |
| Year Built: | 1952 |
| Year Renovated: | 2022 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Frame |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Oil |
| Heat Source: | Baseboard |
| Fuel: | Oil |
| Air Conditioning: | Window Unit |
| Internet Access: | Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,615 | 19,482 | 51,369 |
| Median Age: | 33.49 | 37.89 | 38.89 |
| Households: | 1,895 | 7,890 | 20,377 |
Contact
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