Bought with William Raveis Real Estate
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $490,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,904 sqft
MLS Listing ID 1520570
Sold Date 08/12/22
Style Multi-Level
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,904
Originating Board Maine Listings
Year Built 1890
Annual Tax Amount $4,578
Tax Year 2021
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Excellent investment opportunity in this 4 unit multi-family home in Bath! Positive cash flow, gross rent multiplier of 9, and a cap rate of 9, this property is performing better than many on the market. Well maintained with a low vacancy rate. Plenty of off street parking for tenants. Located on the northern side of Bath, this property is walking distance to downtown, but an easy commute to Bath Iron Works. You won't want to miss this!
Location
State ME
County Sagadahoc
Zoning R1
Direction From Rt. 1 take High Street north to Bedford Street. Building located on NW corner of High and Bedford.
Rooms
Basement Dirt Floor, Walk-Out Access, Crawl Space, Partial, Sump Pump, Exterior Only
Interior
Heating Other Heat System, Direct Vent Heater
Cooling None
Flooring Vinyl, Laminate
Laundry Washer Hookup
Exterior
Garage 5 - 10 Spaces, Gravel, Off Street
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Porch Deck
Parking Type 5 - 10 Spaces, Gravel, Off Street
Garage No
Building
Lot Description Corner Lot, Intown, Near Shopping
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Bottled
Financing VA
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