Bought with ERA Dawson-Bradford Co.
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Key Details
Sold Price $420,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,937 sqft
MLS Listing ID 1578082
Sold Date 06/21/24
Style Multi-Level
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,937
Originating Board Maine Listings
Year Built 1900
Annual Tax Amount $5,936
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate, this easy-to-maintain building has new heat pumps, two remodeled apartments, and a fresh exterior paint job. 107 State St presents an excellent opportunity to secure a high-performing asset without much needed work upon closing. Don't miss out on this chance to elevate your investment portfolio. Schedule a viewing today!
Location
State ME
County Penobscot
Zoning HDR
Rooms
Basement Bulkhead, Brick/Mortar, Full, Exterior Entry, Exterior Only, Unfinished
Interior
Interior Features Bathtub
Heating Heat Pump
Cooling Heat Pump
Flooring Vinyl, Laminate, Carpet
Laundry Washer Hookup
Exterior
Garage 5 - 10 Spaces, Gravel, Off Street
Waterfront No
View Y/N No
Roof Type Metal
Street Surface Paved
Parking Type 5 - 10 Spaces, Gravel, Off Street
Garage No
Building
Lot Description Level, Intown, Near Shopping, Neighborhood
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Wood Siding,Vinyl Siding,Aluminum Siding,Wood Frame
Others
Energy Description Electric
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327