NOT LISTED FOR SALE
-- Bed
6 Baths
4,648 Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: September 18, 2023

Last sale price $359,000 $77 Per Sq Ft

27 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 3-minute walk to Kennedy Park
  • No HOA

About This Home

As of September 2023

Introducing an incredible investment opportunity! This 6-unit multi-family property is a fantastic value proposition for savvy investors. With a proven rental history and impressive income potential, it promises a solid return on investment. Each unit offers spacious layouts and abundant natural light, ensuring comfortable living spaces for tenants. Located in a downtown setting, this property provides convenient access to nearby amenities, including shopping centers, dining options, and public transportation. Its strategic location also allows for easy commuting and attracts a diverse pool of tenants. With its strong rental demand and desirable location, this multi-family property is a smart choice for those looking to maximize their investment potential. This property presents a promising opportunity for both seasoned investors and those new to real estate. Whether you're expanding your portfolio or entering the market, this 6-unit multi-family property offers an excellent chance to secure consistent cash flow and long-term growth. Don't miss out on this lucrative venture that combines affordability, tenant appeal, and a prime location. Act now and seize this remarkable investment opportunity!

Last Agent to Sell the Property

Tyler Stewart

Keller Williams Realty Listed on: 06/22/2023

Last Buyer's Agent

Amanda Berube

HomeSmart

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,950

Year Built

  • Built in 1863

Lot Details

  • 4,356 Sq Ft Lot
  • Property fronts a freeway

Home Design

  • Flat Roof Shape

Interior Spaces

  • 6 Full Bathrooms
  • 4,648 Sq Ft Home
  • Multi-Level Property
  • Interior Basement Entry

Flooring

  • Wood
  • Vinyl

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number LEWI-000195-000000-000501

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $34,870
  • Gross Income $95,472

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,950

Year Built

Built in 1863

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • MLS Status: Closed
  • Directions: Gps Friendly
  • Above Grade Finished Sq Ft: 4648.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1863
  • Contract Information:List PriceSqFt: 80.68
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information 2 Detached Houses on 1 Lot: No
  • Location:Location: Intown, Near Turnpike/Interstate
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry
  • Full Bathrooms: 6
  • Flooring: Other, Vinyl, Wood

Exterior Features

  • Waterfront: No
  • Roof: Flat

Garage/Parking

  • Attached Garage: No

Utilities

  • 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: 4356.0
  • Parcel #: LEWI-000195-000000-000501
  • Zoning: DR

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 95472.0
  • Annual Operating Expense: 34870.0

Tax Info

  • Tax Annual Amount: 3950.0
  • Tax Lot: 501

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Sep 18, 2023
Sold by
Bought by
Seller's Agent
Tyler Stewart
Keller Williams Realty
Buyer's Agent
Amanda Berube
HomeSmart
List Price
$375,000
Sold Price
$359,000
Premium/Discount to List
-$16,000
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
0.069%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 28, 2021
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
John Danforth
CENTURY 21 Advantage
Buyer's Agent
Garret Getch
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$365,000
Sold Price
$265,000
Premium/Discount to List
-$100,000
-27.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.41%
Original Mortgage
$212,000
Interest Rate
0.0442%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$359,000 None Available
$265,000 None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $266,250
Previous Owner $212,000
Previous Owner $315,000
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
09/18/2023 09/18/23 Sold $359,000 -4.3% $77 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $375,000 +41.5% $81 / Sq Ft
04/29/2022 04/29/22 Sold $265,000 -27.4% $57 / Sq Ft View Prior Sale
03/04/2022 03/04/22 Pending -- -- --
04/22/2021 04/22/21 For Sale $365,000 -- $79 / 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 $4,543 $138,600 $16,800 $121,800
2024 $4,403 $138,600 $16,800 $121,800
2023 $4,158 $138,600 $16,800 $121,800
2022 $3,950 $138,600 $16,800 $121,800
2021 $3,411 $120,700 $16,800 $103,900
2020 $3,459 $120,660 $16,800 $103,860
2019 $3,488 $120,660 $16,800 $103,860
2018 $3,459 $120,660 $16,800 $103,860
2017 $3,381 $120,660 $16,800 $103,860
2016 $3,323 $120,660 $16,800 $103,860
2015 $3,302 $120,660 $16,800 $103,860
2014 $3,208 $120,660 $16,800 $103,860
2013 $3,190 $120,660 $16,800 $103,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1559901

Maine Listings
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