Sanford Me- 7 apartments- 8% cap

Multi-Family for Sale
Catylist Listing ID: 30769603
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 4,560 SF
Gross Building Area: See Agent
Sale Price: $719,000
Unit Price: $102,714.29 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 12/3/2021

Overview / Comments

Investors! Hard to find…Turnkey 7 Unit Multifamily, 3 three recent renovations. ( flooring, fixtures, countertops ,carpet, bathroom!) at an 8 % cap in Sanford Maine, just west of Kennebunk. VINYL siding. Asphalt shingle roof. Munici[al Water/Sewer.Low rents leave room for increases next year. Views and Access to bat launch across the street on the Mousam river. +/- 20 parking spaces off street w separately owned lot included. Property shows care by long time owner . 5 1 beds and 2 two beds. Call for a showing!
Income 82,272 expenses 24165

Can be combined with 52-54 Thompson St Sanford,- 4units.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31230_K27-42
Percent Occupied: 100%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,118 15,883 23,136
Median Age: 37.67 39.5 40.96
Households: 1,728 6,539 9,440
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