$775,000
SOLD NOV 22, 2024
-- Bed
8 Baths
10,715 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

3% Above List Price

15 Days on Market

Highlights

  • Wood Flooring
  • Zoned Heating
  • Level Lot
  • No HOA
  • Baseboard Heating
  • 4-minute walk to Kennedy Park

About This Home

As of November 2024

INVESTORS don't miss the opportunity to tour and consider this great opportunity. A stately eight-unit apartment complex that has been extensively remodeled and systems have been updated and replaced. Property has been renovated to code with a monitored fire alarm system. Each unit has 3 bedrooms and one bathroom and has been completely refurbished and are clean, light, and beautiful apartments. Some of the work that has been done includes new plumbing, new heating system, new electrical panels and wiring, new concrete flooring in both basements and repairs to membrane roofing. Flooring throughout units has been changed to vinyl planks that will endure with typical tenancy turnover. Entirely new kitchens in all units with new appliances and 4 bathrooms rehabs and 4 bathrooms entirely renovated. Entire common space and units have been freshly painted. Units are ready to be rented day one. Be sure to look at the Income/Expense sheet and consider the $144,000 projected income. Come to the group showing you will be sure to be impressed with the quality rehab work done at this eight-unit apartment building.

Last Agent to Sell the Property

Maria Morrissette

Fontaine Family-The Real Estate Leader Listed on: 09/11/2024

Last Buyer's Agent

Heather Mayer

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,085

Year Built

  • Built in 1901

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 10,715 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 259
  • Assessor Parcel Number LEWI-000196-000000-000259

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $17,485
  • Gross Income $144,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,085

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 10715.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1901
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 10715.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 8
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 144000.0
  • Income Expenses Operating Expenses: 17485.02
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Basement:Dirt Floor: Yes
  • Parking:Paved3: Yes
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Utility Info Electric On Site: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Dirt Floor, Full, Exterior Only, Unfinished
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Other, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier, Brick/Mortar
  • Roof: Flat, Membrane, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site

Utilities

  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: LEWI-000196-000000-000259
  • Zoning: DRD

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 144000.0
  • Annual Operating Expense: 17485.02

Tax Info

  • Tax Annual Amount: 5085.0
  • Tax Book Number: 11403
  • Tax Lot: 259
  • Tax Map Number: 196
  • Tax Year: 2023

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 $775,000 +3.3% $72 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $750,000 -- $70 / 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: 1603346

Maine Listings