NOT LISTED FOR SALE

558 Riverside Dr Augusta, ME 04330

-- Bed
2 Baths
8,000 Sq Ft
1.15 Acres

Last Sold March 16, 2023

Last sale price $315,000 $39 Per Sq Ft

6 Days on Market

Highlights

  • 1.15 Acre Lot
  • Wood Flooring
  • Zoned Heating
  • Post and Beam
  • No HOA
  • Baseboard Heating

About This Home

As of March 2023

Exceptionally Rare Income Opportunity!
This 4 Unit Multi use property includes 2 spacious residential 2 bedroom units as well as a Large 2 story Retail Space in the front totaling over 2400 sg ft.
The back building is is a commercial warehouse with a newer loading dock which also includes a pick up truck loading bay. All 3 buildings are situated on 1.15 acres.

All units are currently leased to long term tenants.
Bonus Garage for additional storage.
Highly Motivated Seller.

Last Agent to Sell the Property

Jennifer Sumrall

The Maine Real Estate Experience Listed on: 02/03/2023

Last Buyer's Agent

Bruce Holmes

Century 21 Venture Ltd.

Century 21 Venture Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,296

Year Built

  • Built in 1940

Lot Details

  • 1.15 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Post and Beam
  • Flat Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Membrane Roofing
  • Wood Siding
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 8,000 Sq Ft Home
  • Multi-Level Property
  • Fireplace Features Blower Fan

Flooring

  • Wood
  • Concrete

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Septic Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number AUGU-000051-000009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $16,790
  • Gross Income $53,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,296

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 8000.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Structure Type: Post & Beam
  • Year Built: 1940
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 39.38
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.15
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 8000.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 53200.0
  • Income Expenses Operating Expenses: 16790.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Roof:RolledHot Mop: Yes
  • Exterior:Metal Clad: Yes
  • Heat System:Blowers: Yes
  • Floors:Concrete2: Yes
  • Roof:Membrane: Yes
  • Roof:Flat: Yes
  • Heat Fuel:Multi-Fuel System: Yes
  • Advertising Remarks:Advertising Remarks: Exceptionally Rare Income Opportunity! This 4 Unit Multi use property includes 2 spacious residential 2 bedroom units as well as a Large 2 story Retail Space in the front totaling over 2400 sg ft. The back building is is a commercial warehouse with a newer loading dock which also includes a pick up truck loading bay. All 3 buildings are situated on 1.15 acres. All units are currently leased to long term tenants. Bonus Garage for additional storage. Highly Motivated Seller.
  • Levels:Multi-Level3: Yes
  • Structure Type Post Beam2: Yes
  • Heat System:Zoned: Yes
  • Sewer:Septic Tank: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Daylight, Finished, Full
  • Full Bathrooms: 2
  • Flooring: Wood, Concrete
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Metal Clad, Concrete, Other, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Roof: Flat, Membrane, Rolled/Hot Mop, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 21+ Spaces, Gravel, Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Blowers, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 50094.0
  • Parcel #: AUGU-000051-000009
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 53200.0
  • Annual Operating Expense: 16790.0

Tax Info

  • Tax Annual Amount: 4296.0
  • Tax Lot: 000
  • Tax Year: 2022

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
03/16/2023 03/16/23 Sold $315,000 0.0% $39 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $315,000 -- $39 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennifer Sumrall

    Seller's Agent in 2023

    Jennifer Sumrall

    The Maine Real Estate Experience

    (207) 417-1033

    2 in this area

    197 Total Sales

    Jennifer Sumrall
    Section Image
  • Bruce Holmes

    Buyer's Agent in 2023

    Bruce Holmes

    Century 21 Venture Ltd.

    (207) 622-6221

    11 in this area

    31 Total Sales

    Bruce Holmes
    Section Image
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Map

Source: Maine Listings

MLS Number: 1548093

Maine Listings
Maine Kennebec County Augusta 04330

558 Riverside Dr, Augusta, ME

Not Listed for Sale

MultiFamily

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