Topsham, ME 04086,7 Elm ST
Topsham, ME 04086,7 Elm ST
Topsham, ME 04086,7 Elm ST
Listed by Benchmark Real Estate
Bought with John Graham Real Estate
$350,000
$349,000
0.3%
Est.Price: ?

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4 Baths
2,711 SqFt
SOLD DATE : 06/01/2021

Key Details

Sold Price $350,000

Property Type Multi-Family

Listing Status Sold

Square Footage 2,711 sqft

MLS Listing ID 1491453

Sold Date 06/01/21

Style Colonial

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,711

Originating Board Maine Listings

Year Built 1850

Annual Tax Amount $4,408

Tax Year 2020

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Rare 4-Unit In Historic Topsham Village presents an outstanding opportunity for both investor and owner occupant. The current cash flow / annual income of $35K is impressive but 3 at-will tenants ensure a new owner has a flexibility to take below market rents to new levels of profitability. Current and previous owners have updated and maintained the property to ensure ease of ownership from the super efficient heat and replacement windows to the low/no maintenance siding. Heat is included in rent but with this boiler it makes sense - tenants love this and will pay more per/month for it and it's so efficient you can come out on top. Tenants pay electric and each unit is an ideal 1 bedroom and 1 bath with off street parking. The attic is a blank slate and the land of opportunity... maybe another unit, maybe an expansion of one of the owner units. The possibilities are many, the opportunity is apparent, the location can't be beat. Just a short walk or drive to the recreation, restaurants, bars, breweries, boutiques and even Bowdoin College. Smart buyers know Brunswick / Topsham is already 'happening' and poised for rapid appreciation. Come tour but don't delay. Out of an abundance of respect for the tenants showings are limited to Friday 5/14 and Monday 5/17 between 12-2. Buyers and brokers are welcome with no appointment needed. Offers due Tuesday 5/18 @ 3PM.

Location

State ME

County Sagadahoc

Zoning R1

Direction US-201 to Elm St.

Rooms

Basement Crawl Space, Full, Interior Entry, Unfinished

Interior

Interior Features 1st Floor Bedroom, One-Floor Living, Other, Storage

Heating Multi-Zones, Hot Water, Baseboard

Cooling None

Flooring Vinyl, Carpet

Exterior

Garage 1 - 4 Spaces, Gravel, On Site, Off Street

Waterfront No

View Y/N No

Roof Type Shingle

Street Surface Paved

Porch Porch

Parking Type 1 - 4 Spaces, Gravel, On Site, Off Street

Garage No

Building

Lot Description Level, Open Lot, Sidewalks, Historic District, Intown, Near Golf Course, Near Public Beach, Near Shopping

Sewer Public Sewer

Water Public

Architectural Style Colonial

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Oil

Financing Cash

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Maine MLS (MREIS) IDX

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Paul Rondeau

+1(207) 229-7613

Broker Associate | License ID: BA923327

Broker Associate License ID: BA923327

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