Auburn, ME 04210,123 Spring ST
Auburn, ME 04210,123 Spring ST
Auburn, ME 04210,123 Spring ST
Listed by F.O. Bailey Real Estate
Bought with F.O. Bailey Real Estate
$425,000
$395,000
7.6%
Est.Price: ?

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7 Baths
3,482 SqFt
SOLD DATE : 08/07/2023

Key Details

Sold Price $425,000

Property Type Multi-Family

Listing Status Sold

Square Footage 3,482 sqft

MLS Listing ID 1565224

Sold Date 08/07/23

Style Multi-Level,New Englander

Full Baths 7

HOA Y/N No

Abv Grd Liv Area 3,482

Originating Board Maine Listings

Year Built 1878

Annual Tax Amount $3,415

Tax Year 2022

Lot Size 4,356 Sqft

Acres 0.1

Property Description

7-Unit Multi-Family in Auburn for $395,000. This investment opportunity features seven thoughtfully laid-out apartments (Three 1-beds and four 2-room studios) in a central and convenient location. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM. Well maintained, the units are entirely rentable as-is, providing an immediate income stream, or they can be renovated to maximize income further. This is an excellent opportunity for stable rental income and long-term growth in a sought-after location with some of the most exponential price trends in the state. The building's layout consists of three units on the first floor, three units on the second floor, and one additional unit on the third floor, making optimal use of the building's size. Tenants enjoy convenient access through two separate entrances—one at the front for five units and another at the back catering to the last two units. The property benefits from its prime location in Auburn's downtown district, with proximity to a wide range of amenities, shops, trendy restaurants, and easy access to public transportation offers an enticing package for potential tenants. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM.

Location

State ME

County Androscoggin

Zoning T-5.1

Direction Building is off of Spring St, back entrance is on Drummond Ct.

Rooms

Basement Bulkhead, Dirt Floor, Exterior Entry, Interior Entry, Unfinished

Interior

Heating Hot Water, Forced Air, Baseboard

Cooling None

Flooring Carpet

Laundry Laundry - 1st Floor, Main Level

Exterior

Garage 5 - 10 Spaces, Paved, Common, On Site

Waterfront No

View Y/N No

Roof Type Shingle

Street Surface Paved

Parking Type 5 - 10 Spaces, Paved, Common, On Site

Garage No

Building

Lot Description Level, Sidewalks, Intown

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Multi-Level, New Englander

Structure Type Wood Siding,Shingle Siding,Wood Frame

Others

Restrictions Unknown

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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