Bought with Better Homes & Gardens Real Estate/The Masiello Group
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Key Details
Sold Price $2,650,000
Property Type Multi-Family
Listing Status Sold
Square Footage 23,172 sqft
MLS Listing ID 1480412
Sold Date 09/10/21
Style Colonial
Full Baths 20
HOA Y/N No
Abv Grd Liv Area 20,672
Originating Board Maine Listings
Year Built 2001
Annual Tax Amount $30,107
Tax Year 2020
Lot Size 6.250 Acres
Acres 6.25
Property Description
Investors take notice! Quality apartment complex very well taken care of and in high demand. The 22 two bedroom yearround rentals create a strong cash flow with a very high occupancy rate. There is even a wait list to get into one of these units and an office on site for the new owner or property manager to work out of. Multiple wells, multiple septic systems and new updates to furnaces, water heaters, etc. Lots of paved parking and most units come with either a basement or exterior storage area. Come see the excellent turnkey investment.
Location
State ME
County Hancock
Zoning RES
Direction From downtown Ellsworth continue north towards Bangor. Ledge Way is approximately 4.5 miles from Main Street.
Rooms
Basement Walk-Out Access, Finished, Full, Interior Entry, Unfinished
Interior
Heating Hot Water, Baseboard, Hot Air
Cooling None
Flooring Tile, Laminate, Carpet
Exterior
Garage Paved, Common
Waterfront No
View Y/N Yes
View Trees/Woods
Roof Type Composition
Street Surface Paved
Road Frontage Private
Parking Type Paved, Common
Garage No
Building
Lot Description Open Lot, Rolling Slope, Wooded, Rural
Sewer Quasi-Public, Private Sewer, Septic Design Available, Septic Existing on Site
Water Well
Architectural Style Colonial
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Bottled
Financing Conventional
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327