NOT LISTED FOR SALE

8 Frost St Springvale, ME 04083

-- Bed
5 Baths
4,545 Sq Ft
0.27 Acres

Last Sold September 12, 2022

Last sale price $450,000 $99 Per Sq Ft

3 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Main Floor Bedroom
  • Porch

About This Home

As of September 2022

Cash Cow! This 5 unit building is an excellent investment opportunity. Four 2 bedroom units. One 1 bedroom unit. Four Units are occupied with fantastic rental history. One unit is vacant (previously owner occupied). Rents are currently below market value, so plenty of room to grow income. The building is in good condition. Updated heating system. This building has been well cared for for many years by current owner.
Excellent off-street parking. Lot is surveyed.
Showing opportunities by appointment Friday, August 12 from 3:30PM to 5:30PM and Saturday, August 13 from 10:00AM to 12:00PM. Contact us, or have your agent contact us, to schedule a viewing during these time blocks.

Last Agent to Sell the Property

Brian and Gary Samia

Century 21 North East Brokerage Phone: 207-651-7188 Listed on: 08/11/2022

Century 21 North East

Last Buyer's Agent

Jeremy Bradshaw

RE/MAX Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,827

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Landscaped
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,545 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Exterior Basement Entry
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 5 Full Bathrooms
  • Bathtub

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number SANF-000010-K000017

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $18,147
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,827

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4545.0
  • Architectural Style: Colonial, Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Attribution Contact: 207-651-7188
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4545.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Fence: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 50400.0
  • Income Expenses Operating Expenses: 18147.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Tank: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Exterior Entry, Unfinished
  • Full Bathrooms: 5
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 3

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 11761.2
  • Parcel #: SANF-000010-K000017
  • Zoning: UB

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 50400.0
  • Annual Operating Expense: 18147.0

Tax Info

  • Tax Annual Amount: 3827.0
  • Tax Book Number: 4385
  • Tax Lot: 0000
  • Tax Map Number: K17
  • 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
09/12/2022 09/12/22 Sold $450,000 -6.2% $99 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $479,900 -- $106 / 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: 1539650

Maine Listings