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Augusta,ME 04330
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 3,786 sqft
Price per Sqft $145
MLS Listing ID 1625183
Style Federal
Full Baths 4
Year Built 1850
Annual Tax Amount $4,451
Tax Year 2024
Lot Size 7,840 Sqft
Property Description
Tremendous in-town Augusta 4-unit multi-family opportunity. Located in a quiet and private neighborhood setting of historic west side homes. Stylish and spacious owner's unit is available for immediate occupancy and includes updated bathroom, hardwood floors, galley kitchen with maple cabinets, in-unit washer/dryer, attached garage, bonus storage room, and mudroom. Ideal property for an owner occupant buyer looking for a beautiful home and rental income to pay your mortgage. Great property for the investor buyer too with excellent cash flow and strong financials, an attractive high cap rate investment in a fast-growing market with high demand for quality units. Long term tenants in place paying premium rents. See detailed pro forma in attachments. The property has been meticulously maintained and all units have been updated since 2019 - including paint, flooring (carpet and hardwood), some appliances, fixtures, and more. Building system upgrades since 2019 include electrical, plumbing, exterior repairs and painting, and more. See 'Recent Upgrades' attachment for complete list. Walkable to the thriving downtown, Lincoln Elementary school, Kennebec Rail Trail, Lithgow Public Library, and the State Capital complex. Central Maine location with easy access to I-95 makes it an ideal commuter property and opens doors for easy day trips to Portland and southern Maine, western Maine mountains and ski resorts, and the coast.
Location
State ME
County Kennebec
Zoning RB2
Interior
Heating Radiator,Direct Vent Heater,Baseboard
Cooling None
Flooring Wood,Carpet
Exterior
Parking Features 5 - 10 Spaces,Gravel,Inside Entrance
Garage Spaces 1.0
Utilities Available 1
View Y/N No
Roof Type Shingle
Building
Lot Description Sidewalks,Historic District,Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood
Foundation Granite,Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Wood Frame