$735,000
SOLD AUG 5, 2022
-- Bed
10 Baths
7,590 Sq Ft
0.57 Acres

Recently Sold

$97 Per Sq Ft

2% Below List Price

5 Days on Market

Highlights

  • 0.57 Acre Lot
  • Level Lot
  • Heating System Uses Natural Gas
  • No HOA
  • Vinyl Flooring
  • 4-minute walk to Kennedy Park

About This Home

As of March 2023

Solid investment opportunity with strong cash flow opportunities. Property features 10 total units with Four 4 Bedroom units, four 3 bedrooms units and two 2 bedroom units. Property has had many updates over Property has also been through the city lead abatement, program and recently passed City Fire inspection! Property also comes with very large parking lot. Don't miss out on this solid asset for your portfolio! Property is also being sold as package with 68 Birch St and 184 Bartlett St, see MLS

Last Agent to Sell the Property

Alexander Matthews

The Atlantic Real Estate Network Listed on: 07/12/2022

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,729

Year Built

  • Built in 1900

Lot Details

  • 0.57 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 10 Full Bathrooms
  • 7,590 Sq Ft Home
  • 4-Story Property
  • Vinyl Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

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

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 200
  • Assessor Parcel Number LEWI-000196-000000-000200

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $48,973
  • Gross Income $145,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,729

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.57
  • MLS Status: Closed
  • Directions: GPS Friendly, park in the lot behind the building.
  • Above Grade Finished Sq Ft: 7590.0
  • Architectural Style: High Rise, Multi-Level
  • Garage Yn: No
  • Building Stories: 4
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.57
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 7590.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 10
  • Building Info:_pound_ Stories2: 4
  • Income Expenses Gross Income: 145492.0
  • Income Expenses Operating Expenses: 48972.97
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Roof:RolledHot Mop: Yes
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Style:High Rise: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 10
  • Flooring: Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Other, Common, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 24829.2
  • Parcel #: LEWI-000196-000000-000200
  • Zoning: DR

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 145492.0
  • Annual Operating Expense: 48972.97

Tax Info

  • Tax Annual Amount: 6729.0
  • Tax Book Number: 10236
  • Tax Lot: 200
  • Tax Map Number: 196
  • Tax Year: 2021

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
03/16/2023 03/16/23 Sold $780,000 0.0% $103 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $780,000 +6.1% $103 / Sq Ft
08/05/2022 08/05/22 Sold $735,000 -2.0% $97 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $750,000 +72.4% $99 / Sq Ft
11/15/2019 11/15/19 Sold $435,000 -9.4% $57 / Sq Ft
08/31/2019 08/31/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $480,000 +41.2% $63 / Sq Ft
09/27/2018 09/27/18 Sold $340,000 -15.0% $34 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
05/02/2018 05/02/18 For Sale $399,999 -- $40 / 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: 1536030

Maine Listings