NOT LISTED FOR SALE

6 Central Ave Bath, ME 04530

-- Bed
20 Baths
20,664 Sq Ft
90,169 Sq Ft Lot

Sale Details

Date Sold: January 28, 2021

Last sale price $2,200,000 $106 Per Sq Ft

2 Days on Market

Highlights

  • 2.07 Acre Lot
  • No HOA
  • Hot Water Heating System
  • Wood Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of January 2021

INVESTMENT OPPORTUNITY
24-Units in four buildings (six per building)
Recently renovated, turnkey apartments
100% occupancy, these are much sought after apartments with a history of long-term tenants

NOI: $179,004
SALE PRICE: $2,200,000

Last Agent to Sell the Property

Brandon Mitchell

Malone Commercial Brokers, Inc. Listed on: 09/18/2020

Last Buyer's Agent

Daniel Greenstein

The Boulos Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,861

Year Built

  • Built in 1939

Lot Details

  • 2.07 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • 20,664 Sq Ft Home
  • Pitched Roof
  • Masonry

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 20 Full Bathrooms

Parking

  • Common or Shared Parking
  • Shared Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 222
  • Assessor Parcel Number BTTH-000028-000000-000220

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Building Details

  • Operating Expense $179,004
  • Gross Income $283,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,861

Year Built

Built in 1939

Lot Details

2.07 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 20664.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1939
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 106.47
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.07
  • Property Information:Total Baths: 20.0
  • Property Information:SqFt Finished Above Grade: 20664.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Common2: Yes
  • Property Information:Number of Units: 24
  • Income Expenses Gross Income: 283941.0
  • Income Expenses Operating Expenses: 179004.0
  • Roof:Pitched: Yes
  • Driveway:No Driveway: Yes
  • Washer/Dryer Other Location: Yes
  • Construction:Masonry: Yes
  • Advertising Remarks:Advertising Remarks: INVESTMENT OPPORTUNITY 24-Units in four buildings (six per building) Recently renovated, turnkey apartments 100% occupancy, these are much sought after apartments with a history of long-term tenants NOI: $179,004 SALE PRICE: $2,200,000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 20
  • Flooring: Wood, Tile, Other

Exterior Features

  • Lot Features: Level, Open Lot, Near Town, Other
  • Waterfront: No
  • Construction Type: Other Exterior, Masonry
  • Roof: Other, Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Unknown
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 90169.2
  • Parcel #: BTTH-000028-000000-000220
  • Zoning: R1

Multi Family

  • Number Of Units Total: 24
  • Annual Gross Income: 283941.0
  • Annual Operating Expense: 179004.0

Tax Info

  • Tax Annual Amount: 5861.0
  • Tax Lot: 222
  • Tax Year: 2019
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/28/2021 01/28/21 Sold $2,200,000 0.0% $106 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $2,200,000 -- $106 / Sq Ft
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 $9,077 $563,800 $101,700 $462,100
2024 $8,608 $521,700 $100,700 $421,000
2023 $7,882 $466,400 $81,800 $384,600
2022 $6,038 $296,000 $64,400 $231,600
2021 $6,009 $296,000 $64,400 $231,600
2020 $5,920 $296,000 $64,400 $231,600
2019 $5,861 $296,000 $64,400 $231,600
2018 $5,897 $270,500 $59,900 $210,600
2017 $5,775 $270,500 $59,900 $210,600
2016 $5,708 $270,500 $59,900 $210,600
2015 $5,599 $270,500 $59,900 $210,600
2014 $5,464 $270,500 $59,900 $210,600
2013 $5,313 $270,500 $59,900 $210,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1469473

Maine Listings
Your Personal Tour Guide

Ask me questions while you tour the home.