Turnkey 11 Cap Mixed Use Building

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30674983
Property Subtypes: Mixed Use
Status: Pending
Building Status: Proposed
Number of Units: 8 Units
Building Size (RSF): 5,695 SF
Gross Building Area: 7,028 SF
Gross Land Area: 0.08 SF
Sale Price: $564,900
Unit Price: $70,612.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.0%
Average Occupancy Rate: 90
Last Updated: 1/7/2021

Overview / Comments

Looking for turnkey $ making property in Sanford? Look no further. This property offers 7 rental units with top of the market rents for oversized studios and gorgeous first floor office space with hardwood floors and incredible details awaiting an owner user to call this home for their business. Municipal parking lot in rear of property and plenty of street parking along with finished basement. Large retail windows adorn office space making it ideal for any business. Recent renovations make this 11 cap property even more enticing. Do not miss out.

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Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,117 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: SANF-000030-K000030
Zoning: UB
Percent Occupied: 90%
Property Located Between: Washington and Main Streets
Highway Access: Less than 5 minutes to Route 111
Airports: Close to Sanford Airport
Site Description: Ideal intown location across from Downtown Center Park
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1890
Year Renovated: 2017
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Municipal parking lot in rear of property and ample street parking
Sprinklers: Wet
Heat Type: Oil, Hot Water
Heat Source: Baseboard
Fuel: Oil
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,706 16,451 24,821
Median Age: 36.39 39.83 41.29
Households: 1,109 6,807 10,087

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