NOT LISTED FOR SALE
-- Bed
17 Baths
-- Sq Ft
0.51 Acres

Last Sold June 28, 2013

Last sale price $640,000

13 Days on Market

Highlights

  • Deep Water Access
  • 0.51 Acre Lot
  • No HOA
  • Saco Middle School Rated A-
  • Property is near public transit
  • Bathtub

About This Home

As of June 2013

Rare find. 16 unit complex in downtown Saco. Plenty of paved parking. Coin laundry, fire & sprinkler systems, storage units. 11(2-BR),4(3-BR),1(4-BR,2BA). Consistent,solid rental history. Current rents below market prices, room to increase profit margin.

Last Listed By

David Trottier

RE/MAX Realty One Listed on: 04/03/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,657

Year Built

  • Built in 1988

Lot Details

  • 0.51 Acre Lot
  • Fenced
  • Landscaped
  • Level Lot
  • Sprinkler System

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Fire Sprinkler System

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 17 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Parking

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

Outdoor Features

  • Deep Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 43-45Storer StreetSaco3847

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $46,039
  • Gross Income $136,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,657

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.51
  • MLS Status: Closed
  • Directions: Main St. to Storer St. or Elm St. to Storer St. (Same street as Saco Police Dept.)
  • Architectural Style: Multi-Level
  • Building Stories: 3
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.51
  • Property Information:Total Baths: 17.0
  • Site:Level: Yes
  • Site:Well Landscaped: 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 16
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 136500.0
  • Income Expenses Operating Expenses: 46039.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Basement:Sump Pump: Yes
  • Transportation:Deep Water Access: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Misc Amenities Sprinkler: Yes
  • Transportation:Rail Available: Yes
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Sump Pump, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 17
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Bathtub, Storage
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter, Slab
  • Roof: Membrane, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Sprinkler, Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22215.6
  • Parcel #: 43-45Storer StreetSaco3847
  • Zoning: MU1

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 136500.0
  • Annual Operating Expense: 46039.0

Tax Info

  • Tax Annual Amount: 13657.0
  • Tax Book Number: 7980
  • Tax Lot: 47
  • Tax Map Number: 38
  • Tax Year: 2013

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
06/28/2013 06/28/13 Sold $640,000 -6.8% --
04/19/2013 04/19/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $687,000 -- --
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: 1085936

Maine Listings

APN: SACO M:038 L:047 U:000-000