NOT LISTED FOR SALE

188 Center St Brewer, ME 04412

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

Sale Details

Date Sold: May 20, 2024

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

79 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Tile Flooring
  • Deck
  • Interior Lot
  • Zoned Heating

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

Kimberly McPheters

Better Homes & Gardens Real Estate/The Masiello Group

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 freeway
  • Interior Lot

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

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

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Electricity To Lot Line

Additional Features

  • Doors are 32 inches wide or more
  • Deck
  • Property is near golf course, railroad, and shops

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 4 Units

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

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • 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, Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1900
  • Contract Information:List PriceSqFt: 153.21
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Exterior Entry
  • Full Bathrooms: 4
  • Flooring: Carpet, Laminate, Tile, Vinyl

Exterior Features

  • Lot Features: Business District
  • Waterfront: No
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: On Site, 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: 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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,021 $455,900 $44,800 $411,100
2024 $6,924 $368,300 $44,800 $323,500
2023 $6,291 $313,000 $20,800 $292,200
2021 $4,159 $186,500 $20,600 $165,900
2020 $3,417 $150,200 $20,600 $129,600
2019 $3,469 $150,900 $20,600 $130,300
2018 $3,314 $147,300 $20,600 $126,700
2017 $3,314 $147,300 $20,600 $126,700
2016 $3,170 $147,300 $20,600 $126,700
2015 $3,170 $147,300 $20,600 $126,700
2014 $3,082 $147,300 $20,600 $126,700
2013 $3,464 $165,600 $14,000 $151,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1581285

Maine Listings
Your Personal Tour Guide

Ask me questions while you tour the home.