Apartment Building - 10 Unit

Multi-Family for Sale
Catylist Listing ID: 30848389
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 5,478 SF
Gross Building Area: See Agent
Sale Price: $725,000
Unit Price: $72,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 9/13/2023

Overview / Comments

Well maintained 10-unit apartment building consisting of 6 1-bedrooms and 4 2-bedroom units. Conveniently located in close proximity to the state capital campus. Large off-street parking lot. Basement laundry area. Below market rents with significant upside potential. Great investment opportunity with projected 10%+ cap rate.


Finance Data Year 2023
Real Estate Taxes - Annual($) $5,892 (Annual)

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11020_00037 00034 00000
Zoning: RB1
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1938

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,229 18,071 30,806
Median Age: 40.43 43.73 43.94
Households: 4,173 8,416 13,812


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