Bought with Realty of Maine
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Key Details
Sold Price $230,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,162 sqft
MLS Listing ID 1519625
Sold Date 03/31/22
Style New Englander
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,162
Originating Board Maine Listings
Year Built 1900
Annual Tax Amount $2,174
Tax Year 2021
Lot Size 1.070 Acres
Acres 1.07
Property Description
Nice three unit building with nearly $40k annual potential rental income in Augusta's historic west side neighborhood on over one acre of land. With one unit vacant, this is a great opportunity for an owner occupant to move in or value add opportunity for an investor with placement of new tenant. The first floor includes a one bedroom unit (currently vacant) and a four bedroom unit and the second floor includes a two bedroom unit with an addition that is not fully finished which could be turned into a third bedroom. Gross annual income stated by owner of $39,600 based on current rental amounts, vacant one bedroom previously rented at $1000 per month. Tenants pay for heat and electric.
Location
State ME
County Kennebec
Zoning Res
Rooms
Basement Dirt Floor, Walk-Out Access, Exterior Only
Interior
Heating Direct Vent Heater, Baseboard
Cooling None
Flooring Wood, Vinyl, Laminate, Carpet
Exterior
Garage 5 - 10 Spaces, Gravel
Waterfront No
View Y/N No
Roof Type Metal
Street Surface Paved
Parking Type 5 - 10 Spaces, Gravel
Garage No
Building
Lot Description Open Lot, Rolling Slope, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Asbestos,Wood Frame
Others
Energy Description K-1Kerosene, Electric
Financing Conventional
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327