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Listed by Keller Williams Realty
$360,000
6 Baths
5,070 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 5,070 sqft
MLS Listing ID 1646834
Style Other
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 5,070
Year Built 1923
Annual Tax Amount $2,475
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Source Maine Listings
Land Area 5070
Property Description
Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability.
The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns.
Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.
The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns.
Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Concrete
View Y/N No
Roof Type Flat
Garage No
Building
Lot Description Level, Intown
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil
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