NOT LISTED FOR SALE
-- Bed
7 Baths
7,020 Sq Ft
7,841 Sq Ft Lot

Last Sold October 20, 2023

Last sale price $950,000 $135 Per Sq Ft

Highlights

  • Public Beach
  • Wood Flooring
  • Forced Air Zoned Heating System
  • Property is near public transit
  • No HOA
  • 4-minute walk to Shevenell Park

About This Home

As of October 2023

Large in town 7 Unit building consisting of 3-three bedroom units, two with double living rooms, 2-two bedroom units & 2-one bedroom units. This building is in very good condition mechanically with updated windows, two newer furnaces & a new rubber roof on the front building in 2021. Mostly all hardwood flooring throughout all of the units. Adequate on site parking for 12 cars. Terrific in town location within walking distance to all down town amenities, bus line & Amtrak. Currently the rents are below market rates. Plenty of room for raising the income. All tenants pay their own hot water. ''6 apartments are tenants at will''. These larger buildings don't come by often. SHOWINGS WILL BE TUESDAY AT 3:00 & FRIDAY AT 3:00. 24 HOUR NOTICE IS REQUIRED.

Last Agent to Sell the Property

David Trottier

Realty Sales Inc Listed on: 09/13/2023

Last Buyer's Agent

Josh Soley

Compass Commercial Brokers, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,980

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Membrane Roofing
  • Aluminum Siding
  • Block Exterior
  • Concrete Perimeter Foundation
  • Masonry
  • Stucco

Interior Spaces

  • 7,020 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 7 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 422
  • Assessor Parcel Number 13SummerBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $25,720
  • Gross Income $132,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,980

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: From Alex Pizza, turn on to Summer St. 2nd building on left. Sign out front.
  • Above Grade Finished Sq Ft: 7020.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 7020.0
  • 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: 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
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 7
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 132900.0
  • Income Expenses Operating Expenses: 25720.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Exterior:Aluminum Siding: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Exterior:Block2: Yes
  • Exterior:Stucco: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 7
  • Flooring: Wood, Vinyl
  • Interior Amenities: Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Stucco, Block, Aluminum Siding, Masonry, Wood Frame
  • Foundation Details: Block, Granite, Concrete Perimeter
  • Roof: Flat, Membrane, Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Furnace, 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: 7840.8
  • Parcel #: 13SummerBiddeford04005
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 132900.0
  • Annual Operating Expense: 25720.0

Tax Info

  • Tax Annual Amount: 8980.0
  • Tax Book Number: 4852
  • Tax Lot: 422
  • Tax Map Number: 38
  • Tax Year: 2023

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
10/20/2023 10/20/23 Sold $950,000 -17.4% $135 / Sq Ft
09/13/2023 09/13/23 For Sale $1,150,000 -- $164 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
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: 1569318

Maine Listings