382 Main Street, Biddeford, Me 04005

Multi-Family for Sale
Catylist Listing ID: 30340064
Property Subtypes: Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 2,880 SF
Gross Building Area: See Agent
Gross Land Area: 0.52 Acres
Sale Price: $490,000
Unit Price: $122,500 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/30/2019

Overview / Comments

BUILDERS & INVESTORS-LOOKING FOR A 22 UNIT APT OR CONDO COMPLEX? This property is zoned, and has enough land to add 18 more units to this existing 4 unit property. B1 zone allows for 1,000 sq per unit. Walking distance to all newly revitalized downtown amenities, public transportation, & Amtrak. Existing 4 unit building offers very nice apartments & is in good condition. Convenient & private location. GREAT INVESTMENT OPPORTUNITY! ANNUAL EXPENSES - Taxes $5,634.20, Insurance $1,691.00, Water $444.00, Sewer $936.00, Electricity $540.00, Heating Oil (900.8 gals) $2,134.00.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 382MainBiddeford04005
Zoning: B1
Property Located Between: Lower Main Street. Property to the left of Ability Refrigeration Equipment Co.
Site Description: BUILDERS & INVESTORS-LOOKING FOR A 22 UNIT APT OR CONDO COMPLEX? This property is zoned, and has enough land to add 18 more units to this existing 4 unit property. B1 zone allows for 1,000 sq per unit. Walking distance to all newly revitalized downtown amenities, public transportation, & Amtrak. Existing 4 unit building offers very nice apartments & is in good condition. Convenient & private location. GREAT INVESTMENT OPPORTUNITY! ANNUAL EXPENSES - Taxes $5,634.20, Insurance $1,691.00, Water $444.00, Sewer $936.00, Electricity $540.00, Heating Oil (900.8 gals) $2,134.00.
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Construction/Siding: Wood Siding
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 10
Laundry: In Each Unit
Heat Type: Oil
Heat Source: Baseboard
Fuel: Oil
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,008 35,108 48,519
Median Age: 37.85 41.08 41.05
Households: 6,700 15,102 20,650

Contact

Photograph of Listing Agent

David Trottier

Realty Sales Inc.
NECPE Member
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