3 Multi-Family Buildings in Heart of Boothbay Harbor

Multi-Family for Sale
Catylist Listing ID: 30855254
Property Subtypes: Duplex/Fourplex
Number of Units: 12 Units
Building Size (RSF): 6,895 SF
Gross Building Area: See Agent
Sale Price: $1,599,000
Unit Price: $133,250 Per Unit
Property Use Type: Investment, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/30/2024

Overview / Comments

Don't miss this rare opportunity to own three multi-family buildings (38 Townsend Ave, 40 Townsend Ave & 5 McClintock St) in the heart of Boothbay Harbor! Whether you're a seasoned investor or looking to start your real estate journey, this is your chance to secure a valuable piece of the Boothbay Harbor market. Nestled in the heart of picturesque Boothbay Harbor, these three separate buildings totaling 11/12 rental units. Currently being rented as self-managed Airbnb units. The property has an established rental history with excellent occupancy rates with the possibility for rent increases and value appreciation. Rent all units or live in one while earning income from the others and enjoy stunning coastal views and outdoor recreation right at your doorstep!

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $9,979 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Lincoln
Tax ID/APN: OOH-000019-000000-000147/BOOH-000019-000000-000149
Zoning: DOWNTOWN BUSINESS
Site Description: Downtown Boothbay Harbor
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 3
Year Built: 1700
Year Renovated: 2022
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Each unit has a parking space.
Total Parking Spaces: 12
Heat Type: Electricity, Propane, Oil
Heat Source: Baseboard, Wall Units, Heat Pump
Fuel: Oil, Electric, Propane
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,235 4,623 7,501
Median Age: 55.8 54.52 53.84
Households: 620 2,226 3,533

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