NOT LISTED FOR SALE

18 First St Berwick, ME 03901

-- Bed
4 Baths
2,380 Sq Ft
0.25 Acres

Last Sold July 21, 2022

Last sale price $440,000 $185 Per Sq Ft

2 Days on Market

Highlights

  • Cape Cod Architecture
  • Baseboard Heating
  • Carpet
  • No HOA
  • Level Lot

About This Home

As of July 2022

Excellent for investors or owner occupied! This well maintained 4 unit features two 1-bedroom units and two 2-bedroom units. Each unit pays their own heat, hot water, and electricity. This 10% cap has good cashflow already with a great opportunity for upside with below market rents. Showings start Saturday, Open House 10-1. Broker has personal interest.

Last Agent to Sell the Property

David Francoeur

RE/MAX on the Move Listed on: 05/13/2022

RE/MAX on the Move

Last Buyer's Agent

Keith Kinahan

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,238

Year Built

  • Built in 1907

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • 2,380 Sq Ft Home
  • Cape Cod Architecture
  • Concrete Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Parking

  • Gravel Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 18FirstStreetBerwick03901

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $9,357
  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,238

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2380.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1907
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 189.03
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2380.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 54600.0
  • Income Expenses Operating Expenses: 9356.67
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Basement:Slab2: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Parking:On Street: Yes
  • Driveway:Reclaimed: Yes
  • Advertising Remarks:Advertising Remarks: Excellent for investors or owner occupied! This well maintained 4 unit features two 1-bedroom units and two 2-bedroom units. Each unit pays their own heat, hot water, and electricity. This 10% cap has good cashflow already with a great opportunity for upside with below market rents. Showings start Saturday, Open House 10-1.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Partial, Exterior Entry, Exterior Only
  • Full Bathrooms: 4
  • Flooring: Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, Reclaimed, On Site, Off Street, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, 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: 10890.0
  • Parcel #: 18FirstStreetBerwick03901
  • Zoning: R1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 54600.0
  • Annual Operating Expense: 9356.67

Tax Info

  • Tax Annual Amount: 4238.28
  • Tax Lot: 66
  • Tax Year: 2021
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $440,000 -2.2% $185 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $449,900 -- $189 / Sq Ft
Source: Maine Listings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,251 $501,300 $114,100 $387,200
2023 $4,393 $239,800 $81,500 $158,300
2022 $4,369 $239,800 $81,500 $158,300
2021 $4,796 $262,100 $81,500 $180,600
2020 $4,258 $262,100 $81,500 $180,600
2019 $4,258 $242,900 $81,500 $161,400
2018 $3,596 $209,700 $73,400 $136,300
2017 $3,596 $209,700 $73,400 $136,300
2016 $3,418 $209,700 $73,400 $136,300
2014 $3,334 $209,700 $73,400 $136,300
2013 $3,366 $209,700 $73,400 $136,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1528096

Maine Listings

APN: BERW M:U001 B:66