Catylist ID:
#30858686
Multi-Family Investment Portfolio
Multi-Family
for Sale
| Catylist Listing ID: | 30858686 |
| Property Subtypes: | Low-Rise/Garden, Other |
| Number of Units: | 15 Units |
| Building Size (RSF): | 19,159 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.61 Acres |
| Sale Price: | $999,999 |
| Unit Price: | $66,666.60 Per Unit |
| Property Use Type: | Investment |
| Building Name: | 2-Building, multi-family portfolio |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/26/2024 |
Overview / Comments
|
We are pleased to present the sale of 14 Cedar Street and 26 Bush Street, a two-building, 15-unit multi-family investment portfolio located in Skowhegan, Maine. Its proximity to services and shopping is attractive to tenants working in one of central Maine’s larger hubs. For more information, please complete and sign the attached Confidentiality Agreement. Two-building portfolio in Skowhegan with below-market rents Both buildings with metal roofs and vinyl siding Area employers include New Balance (slated to add 200 jobs at its Skowhegan facility), SAPPI and other national retailers. Skowhegan is designated as a primary service center by the State of Maine (increased eligibility for state funding). |
Attachments & Media
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Somerset |
| Submarket Type: | Central Business District |
| Taxing Authority: | Town of Skowhegan |
| Tax ID/APN: | Map 26, Lot 27 & Map 29, Lot 222 |
| Zoning: | RESIDENTIAL |
| Airports: | Portland International Jetport |
| Total Number of Buildings: | 2 |
| Property Condition: | Good |
| Number of Stories: | 2 |
| Year Built: | 1900 |
| Roof Type: | Gable |
| Construction/Siding: | Vinyl Siding, Wood Frame |
| Parking Type: | Surface |
| Parking Description: | See Broker for details. |
| Heat Type: | Propane, Oil |
| Heat Source: | Baseboard, Other |
| Fuel: | Oil, Propane |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,687 | 5,435 | 10,208 |
| Median Age: | 41.19 | 41.34 | 42.1 |
| Households: | 790 | 2,419 | 4,420 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
