Bath Multi-Family
Multi-Family
for Sale
| Catylist Listing ID: |
30843696 |
| Property Subtypes: |
Duplex/Fourplex, Other
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,902 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,350,000 |
| Unit Price: |
$337,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/22/2023 |
Overview / Comments
50 Elm Street, Bath, Maine, offers an excellent downtown location, with its close proximity to Front Street, and the historic Bath Iron Works ship building yard. The property has undergone a complete interior / exterior renovation and was completed in 2017-2018. This 3,900s/f property was converted into four new apartments, with separate meters and heating systems, it consists of three 2-Bedroom - 1.5-Bathroom , and one 3-Bedroom - 1.5 Bathroom. The building features eight off street parking places, additionally the garage has two off street parking spaces and storage area.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$6,065 (Annual) |
| Gross Operating Income |
$100,200 (Annual) |
| Net Operating Income |
$81,000 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Sagadahoc |
| Tax ID/APN: |
BTTH-000026-000000-000237 |
| Zoning: |
C1 & C2 |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Built: |
1890 |
| Year Renovated: |
2018 |
| Laundry: |
In Each Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,489 |
9,695 |
19,121 |
| Median Age: |
38.55 |
41.5 |
43.38 |
| Households: |
2,057 |
4,446 |
8,371 |
|
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The information presented herein is provided as is, without warranty of any kind.
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