Bought with John Graham Real Estate
For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327