NOT LISTED FOR SALE

6 Central Ave Bath, ME 04530

Bath Area
-- Bed
20 Baths
20,664 Sq Ft
2.07 Acre 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

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
Sep 18, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
Seller's Agent
Brandon Mitchell
Malone Commercial Brokers, Inc.
Buyer's Agent
Daniel Greenstein
The Boulos Company
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
0.0267%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 18, 2020
Closed on
Jan 27, 2021
Sold by
Bought by
Seller's Agent
Brandon Mitchell
Malone Commercial Brokers, Inc.
Buyer's Agent
Daniel Greenstein
The Boulos Company
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
0.0267%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,000
Interest Rate
0.044%
Mortgage Type
Undefined Multiple Amounts
Source: Public Records
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

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
-- None Available
-- None Available
-- 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 $1,650,000
Previous Owner $935,000
Previous Owner $610,000
Previous Owner $190,000
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
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

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 $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.