NOT LISTED FOR SALE

188 Center St Brewer, ME 04412

1 Bed
4 Baths
2,800 Sq Ft
8,276 Sq Ft Lot

Last Sold May 20, 2024

Last sale price $429,000 $153 Per Sq Ft

79 Days on Market

Highlights

  • Nearby Water Access
  • Deck
  • No HOA
  • Colonial Architecture
  • Property is near public transit
  • Interior Lot

About This Home

As of May 2024

Explore the epitome of hassle-free investment with this fully renovated 4-unit property in Brewer, Maine. Centrally located near shopping, downtown, hospitals, and schools, this income-producing gem boasts modern amenities and updates, including plumbing, heating, electrical, windows, and insulation. A brand-new roof installed in 2021 ensures longevity, while the convenience of a newer coin-operated washer and dryer adds an extra revenue stream. Off-street parking on a quiet street enhances tenant appeal, and the property comes with an excellent rental history. With turnkey readiness and a prime location, this is an enticing opportunity for investors seeking a well-maintained and income-generating asset in the thriving Brewer community.

Last Agent to Sell the Property

Lewis Morrison Nicole Drake

NextHome Experience Listed on: 01/30/2024

NextHome Experience

Last Buyer's Agent

Kim Mcpheters

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,291

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Property fronts a private road
  • Interior Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 4 Full Bathrooms
  • 2,800 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Brick Basement
  • Exterior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Deck

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 115
  • Assessor Parcel Number BRER-000030-000000-000115

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Pet Policy

  • No Dogs Allowed

Building Details

  • Operating Expense $13,038
  • Gross Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,291

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Directions: From Main St. in Brewer turn onto Parker St. Then turn LEFT onto Howard Ln. Turn RIGHT onto Center St., Property will be on your LEFT.
  • Above Grade Finished Sq Ft: 2800.0
  • Architectural Style: Colonial, Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 153.21
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2800.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 49800.0
  • Income Expenses Operating Expenses: 13038.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Style:Colonial: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Satellite Dish: Yes
  • Utility Info Electric On Site: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Transportation:Public Transport Access: Yes
  • Driveway:Reclaimed: Yes
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Advertising Remarks:Advertising Remarks: Explore the epitome of hassle-free investment with this fully renovated 4-unit property in Brewer, Maine. Centrally located near shopping, downtown, hospitals, and schools, this income-producing gem boasts modern amenities and updates, including plumbing, heating, electrical, windows, and insulation. A brand-new roof installed in 2021 ensures longevity, while the convenience of a newer coin-operated washer and dryer adds an extra revenue stream. Off-street parking on a quiet street enhances tenant appeal, and the property comes with an excellent rental history. With turnkey readiness and a prime location, this is an enticing opportunity for investors seeking a well-maintained and income-generating asset in the thriving Brewer community.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Brick/Mortar, Walk-Out Access, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Interior Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Shopping Mall, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: On Site, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: BRER-000030-000000-000115
  • Zoning: OR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49800.0
  • Annual Operating Expense: 13038.0

Tax Info

  • Tax Annual Amount: 6291.3
  • Tax Lot: 115
  • Tax Year: 2024

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
05/20/2024 05/20/24 Sold $429,000 0.0% $153 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $429,000 +34.1% $153 / Sq Ft
02/09/2022 02/09/22 Sold $320,000 -1.5% $114 / Sq Ft View Prior Sale
01/07/2022 01/07/22 Pending -- -- --
01/06/2022 01/06/22 For Sale $325,000 -- $116 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lewis Morrison Nicole Drake

    Seller's Agent in 2024

    Lewis Morrison Nicole Drake

    NextHome Experience

    (207) 343-0143

    41 in this area

    388 Total Sales

    Lewis Morrison Nicole Drake
    Section Image

  • K

    Buyer's Agent in 2024

    Kim Mcpheters

    EXP Realty

    (207) 735-7618

    24 in this area

    105 Total Sales

    Kim Mcpheters
    Section Image

  • S

    Seller's Agent in 2022

    Sandi Van Syckle

    Realty of Maine

    (207) 852-1756

    1 in this area

    10 Total Sales

    Sandi Van Syckle
    Section Image

  • P

    Buyer's Agent in 2022

    Pauline Rock

    ERA Dawson-Bradford Co.

    Section Image
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Map

Source: Maine Listings

MLS Number: 1581285

Maine Listings
Maine Penobscot County Brewer 04412

188 Center St, Brewer, ME

Not Listed for Sale

MultiFamily

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