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

Sale Details

Date 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 and shops
  • 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 Agent to Sell the Property

David Trottier

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

Last Buyer's Agent

John Graham

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,657

Year Built

  • Built in 1988

Lot Details

  • 22,216 Sq Ft 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
  • Storage

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 17 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Home Security

  • Fire Sprinkler System
  • Fire Suppression System

Parking

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

Outdoor Features

  • Deep Water Access

Location

  • Property is near public transit and shops
  • 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

0.51 Acres

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:Seasonal: 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
  • Advertising Remarks:Advertising Remarks: Rare find. 16 unit complex in beautiful downtown Saco. Plenty of paved parking. Coin laundry on site, fire & sprinkler systems, storage units. 11(2-BR),4(3-BR),1(4-BR,2BA). Consistent,solid rental history. Current rents are below market prices, room to increase profit margin further. Intercom system (door security) to access building. Located just off Main Street. Walking distance to all restaurants, shopping, Amtrak, Saco River Sporting, etc. Ideal location. Nice property.
  • 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 Lot: 47
  • Tax Year: 2013
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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
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

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 $24,982 $1,759,300 $293,900 $1,465,400
2024 $14,799 $1,053,300 $319,000 $734,300
2023 $15,536 $1,053,300 $319,000 $734,300
2022 $17,919 $977,600 $243,300 $734,300
2021 $17,049 $903,000 $225,300 $677,700
2020 $16,489 $838,300 $198,200 $640,100
2019 $16,246 $838,300 $198,200 $640,100
2018 $15,897 $820,300 $180,200 $640,100
2017 $14,985 $773,200 $180,200 $593,000
2016 $14,493 $746,300 $153,300 $593,000
2015 $14,344 $746,300 $153,300 $593,000
2014 $13,896 $746,300 $153,300 $593,000
2013 -- $746,300 $153,300 $593,000
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

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