100-104 Summer Street

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30462023
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 8,604 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $899,000
Unit Price: $74,916.67 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/30/2019

Overview / Comments

12 Unit Apartment Complex with off street parking. This property consists of two 6 unit buildings that abut each other.These 1 bedroom units with an added office & closet have hardwood flooring through out both buildings. Front & Rear Egress stairways are all inside the buildings (no snow shoveling).Each unit has a long two car parking stall, parking behind each other.See attached parking diagram. This is a well maintained building with completely upgraded electrical. Both furnaces were installed in 2007 approximately. Both rubber roofs were installed in 2005 approximately. Most of the rentals are below market rate & should be increased.Income & Expense Sheet attached.This building is worth looking at!

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 100-104SummerBiddeford04005
Zoning: R2
Area Description: From Birch Street (Red Rocket Variety), turn into Summer Street. 100-104 will be on the right hand side. Two gray buildings, side by side.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Year Built: 1920
Roof Type: Flat
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: 21+ spaces on site.
Laundry: In Each Unit
Heat Type: Oil, Hot Water
Heat Source: Baseboard
Fuel: Oil
Zoning Description: R2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,642 33,925 53,033
Median Age: 37.26 41.03 41.63
Households: 6,640 14,694 22,559


Photograph of Listing Agent

David Trottier

Realty Sales Inc.
NECPE Member
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