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Listed by Susan Carl EXP Realty
$439,000
Est. payment /mo
3 Baths
2,714 SqFt
Open House
Sat Jul 11, 10:00am - 12:00pm
Sun Jul 12, 12:30pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,714 sqft
Price per Sqft $161
MLS Listing ID 1670375
Full Baths 3
HOA Y/N No
Year Built 1920
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Source Maine Listings
Land Area 2714
Property Description
OPEN HOUSE(s) Saturday July 11th 10:00am - Noon! + Sunday July 12th 12:30-2:00pm !!
This fully occupied three-unit investment property is generating $43,776 in annual gross rental income. The building has been beautifully maintained inside and out and features natural gas heat, a regularly serviced furnace in good condition, and a brand-new hot water heater, helping keep operating costs efficient.
Inside, you'll find a well-cared-for property with reliable long-term tenants already in place on a month-month, making this a turnkey opportunity for investors. Conveniently located in one of Auburn's desirable rental markets, the property benefits from strong tenant demand driven by a growing population of young professionals, proximity to two major colleges, a regional hospital, shopping, dining, and outdoor recreation including Lake Auburn and numerous nearby hiking trails.
Laundry hookups on each level for added convenience.
Whether you're looking to expand your investment portfolio or house hack and purchase your first income-producing property, at a 7% cap rate 10 Pearl Street offers strong income potential in a high-demand location. Don't miss your opportunity--this one won't last long!
This fully occupied three-unit investment property is generating $43,776 in annual gross rental income. The building has been beautifully maintained inside and out and features natural gas heat, a regularly serviced furnace in good condition, and a brand-new hot water heater, helping keep operating costs efficient.
Inside, you'll find a well-cared-for property with reliable long-term tenants already in place on a month-month, making this a turnkey opportunity for investors. Conveniently located in one of Auburn's desirable rental markets, the property benefits from strong tenant demand driven by a growing population of young professionals, proximity to two major colleges, a regional hospital, shopping, dining, and outdoor recreation including Lake Auburn and numerous nearby hiking trails.
Laundry hookups on each level for added convenience.
Whether you're looking to expand your investment portfolio or house hack and purchase your first income-producing property, at a 7% cap rate 10 Pearl Street offers strong income potential in a high-demand location. Don't miss your opportunity--this one won't last long!
Location
State ME
County Androscoggin
Zoning Urban
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Gas Natural, Baseboard, Hot Water
Cooling None
Flooring Other
Laundry Washer Hookup
Exterior
Parking Features Common, Paved, 1 - 4 Spaces
Roof Type Shingle
Garage No
Building
Lot Description Intown, Near Shopping, Level
Entry Level Multi-Level
Foundation Poured Concrete
Water Public
Architectural Style Other
Others
Tax ID AUBN-000240-000000-000135
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Nearby School & Business