30 School Street Berwick, ME

Multi-Family for Sale
Catylist Listing ID: 30770408
Property Subtypes: Mid-Rise, Other
Number of Units: 12 Units
Building Size (RSF): 8,375 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $1,575,000
Unit Price: $131,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/21/2022

Overview / Comments

Rare 12 unit income property located on a corner lot in downtown Berwick, Maine. Fully occupied with low to no vacancy. Building offers ample off street parking. Most of the units have had fairly recent updating done to them and are in very good condition. There are a variety of styles of units. From studio to one bedroom to three bedrooms. Garden style and townhouse style. Easy walk to all amenities and to historic downtown Somersworth, New Hampshire. Call today for more information and to schedule a viewing.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $9,676 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 31040_
Zoning: V/C
Percent Occupied: 100%
Property Located Between: Route 9 (School Street) and Route 236 (Allen Street)
Highway Access: Only minutes to Route 236 and Route 95
Airports: Easy access to Manchester, NH, Portland, ME and Logan in Boston, MA
Site Description: Corner city lot. All parking. No yard.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1974
Construction/Siding: Vinyl Siding
Exterior Description: Nice building with several entrances and some three season porches, decks etc
Parking Type: Surface
Parking Description: Off Street
Total Parking Spaces: 14
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Wall Units
Fuel: Oil, Electric
Air Conditioning: Other
Internet Access: Cable
Zoning Description: V/C
Lot Frontage: 90
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,615 21,765 51,369
Median Age: 33.49 38.22 38.89
Households: 1,895 8,758 20,377

Contact

Photograph of Listing Agent

Darlene Colwell-Ellis

KW Coastal Realty
NECPE Member
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