$825,000
SOLD FEB 29, 2024

24 Allen St Berwick, ME 03901

-- Bed
6 Baths
3,912 Sq Ft
0.4 Acres

Recently Sold

$211 Per Sq Ft

4% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot
  • No HOA
  • Coin Laundry

About This Home

As of November 2024

Welcome to 24 Allen St in Berwick! This 6 unit property consists of all 1 bedroom/1 bath units with consistent and manageable layouts. Units are spacious and bright with plenty of exterior space and parking, lot is situated on .40 acres! Centrally located, this multi family home is within easy access to several neighboring towns and is within view of the New Hampshire border. All units have dedicated heat, hot water, and electric making this fully occupied investment property even more attractive. Property is currently professionally managed, over 8% cap rate reflects this multiple unit portfolio approach.
Come take a look at our open showings - Monday 02/12 11am-1pm and Wednesday 02/14 12pm-2pm

Last Agent to Sell the Property

Amber

The Collective Real Estate Co Listed on: 02/09/2024

Last Buyer's Agent

Doreen Soares

RE/MAX on the Move

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,594

Year Built

  • Built in 1920

Lot Details

  • 0.4 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 3,912 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number BERW-000001U-000000-000026

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $25,967
  • Gross Income $93,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,594

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4
  • MLS Status: Closed
  • Directions: GPS location is accurate.
  • Above Grade Finished Sq Ft: 3912.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.4
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3912.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 6
  • Income Expenses Gross Income: 93597.0
  • Income Expenses Operating Expenses: 25967.0
  • Style:Multi-Level: Yes
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Unfinished
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl

Exterior Features

  • Lot Features: Level, Open Lot, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 17424.0
  • Parcel #: BERW-000001U-000000-000026
  • Zoning: R1

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 93597.0
  • Annual Operating Expense: 25967.0

Tax Info

  • Tax Annual Amount: 5594.0
  • Tax Book Number: 18117
  • Tax Lot: 26
  • Tax Map Number: U001
  • 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
11/22/2024 11/22/24 Sold $850,000 +1.8% $217 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $835,000 +1.2% $213 / Sq Ft
02/29/2024 02/29/24 Sold $825,000 +3.8% $211 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $795,000 +695.0% $203 / Sq Ft
02/01/2023 02/01/23 Off Market $100,000 -- --
12/05/2019 12/05/19 Sold $374,000 -5.3% $96 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $395,000 +295.0% $101 / Sq Ft
05/03/2013 05/03/13 Sold $100,000 -37.5% $26 / Sq Ft
04/05/2013 04/05/13 Pending -- -- --
02/20/2013 02/20/13 For Sale $159,900 -- $41 / 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: 1581974

Maine Listings