Bought with John Graham Real Estate
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Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,208 sqft
MLS Listing ID 1478938
Sold Date 01/15/21
Style Federal
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 2,208
Originating Board Maine Listings
Year Built 1890
Annual Tax Amount $6,866
Tax Year 2019
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Investment property in prime location. Walking distance from all downtown businesses. On the corner of Union and Lincoln this building is always in demand. 5 one bedroom apartment units, 1 two bedroom unit an art studio and a salon. All currently occupied. Income total is $5,360 per month or $64,320 a year.
Yearly Expenses are
$4,227 Natural Gas heating for entire building.
$1.344 Propane Downeast for Gas ranges
$3,125 for Insurance
$1,144 Sewer
$6.90 f or Water
$1,475 Snow Removal
$1,065 General maintenance
Location
State ME
County Cumberland
Zoning Gen.Resid.
Direction on the corner of Union and Lincoln street.
Rooms
Basement Full, Interior Entry, Exterior Only
Interior
Heating Hot Water, Baseboard
Cooling A/C Units
Flooring Wood, Vinyl, Carpet
Fireplace No
Laundry Washer Hookup
Exterior
Garage 5 - 10 Spaces, Paved, Common, Garage Door Opener, Off Street
Garage Spaces 2.0
Waterfront No
View Y/N No
Roof Type Composition,Pitched,Rolled/Hot Mop,Shingle
Parking Type 5 - 10 Spaces, Paved, Common, Garage Door Opener, Off Street
Garage Yes
Building
Lot Description Corner Lot, Historic District, Intown, Near Shopping, Neighborhood, Near Railroad
Foundation Granite
Sewer Public Sewer
Water Public
Architectural Style Federal
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural
Financing Cash
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327