NOT LISTED FOR SALE
-- Bed
5 Baths
4,916 Sq Ft
3,920 Sq Ft Lot

Last Sold December 27, 2022

Last sale price $687,500 $140 Per Sq Ft

46 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Double Pane Windows
  • Wood Flooring
  • Porch
  • 4-minute walk to Shevenell Park

About This Home

As of December 2022

''NO FIRE SAFETY VIOLATIONS BUILDING'' JUST COLLECT THE RENT! See attached compliance letter from the City of Biddeford. Very well maintained 5 unit with a maintenance free exterior offering vinyl siding and no lawn to maintain. This urban style location is basically zero exterior maintenance. Non Smoking,No Pets
Building.Two brand new apartments.One is currently under construction and will be completed soon. The new completed 1st floor 2 bedroom unit could also make a great owner occupied building. Live for free. Let the other 4 tenants pay the expenses.Current three existing rents of $900, $900 & $1,000 are below market rates and should be increased. Current three tenants are all tenants at will. The $1,650 & $1,550 rents are the two vacant units, and the rents are projected, although accurate and possibly still low.The two vacant units are being left vacant purposely to allow a new owner to allocate the rental amounts they demand. This is a very good solid mechanical & turnkey building. Located in the heart of all down town amenities. 10 minute walk to Amtrak. If you want a GOOD BUILDING, this is the building to preview. 24 HOUR NOTICE REQUIRED.

Last Agent to Sell the Property

David Trottier

Realty Sales Inc Listed on: 08/28/2022

Last Buyer's Agent

Christopher Davis

Real Broker

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,954

Year Built

  • Built in 1890

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 4,916 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • ENERGY STAR Qualified Appliances
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Full Bathrooms
  • Shower Only

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • Dehumidifier
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • ENERGY STAR/CFL/LED Lights
  • Porch

Listing and Financial Details

  • Legal Lot and Block 1 / 60
  • Assessor Parcel Number 12KingBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $9,991
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,954

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • MLS Status: Closed
  • Directions: King Street is located in between Hill St & Foss St. In proximity behind Northeast FCU & the Biddeford Police Dept. Sign out front.
  • Above Grade Finished Sq Ft: 4916.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Efficiency: Low E Windows, LED Light Fixtures, Energy Star Appliances, Double Pane Windows, Dehumidifier, Ceiling Fans
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4916.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 72000.0
  • Income Expenses Operating Expenses: 9991.0
  • Parking:On Site2: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:Low E Windows: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Energy Efficiency:Dehumidifier: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Level Entry
  • Has Basement: Dirt Floor, Full, Interior Entry
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Membrane, Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: 12KingBiddeford04005
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 72000.0
  • Annual Operating Expense: 9991.0

Tax Info

  • Tax Annual Amount: 3954.0
  • Tax Block: 60
  • Tax Book Number: 14046
  • Tax Lot: 1
  • Tax Map Number: 39
  • Tax Year: 2022

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2022 12/27/22 Sold $687,500 -8.3% $140 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
08/28/2022 08/28/22 For Sale $750,000 -- $153 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1541379

Maine Listings