Bought with Keller Williams Realty
$975,000
$975,000
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4 Baths
3,958 SqFt
SOLD DATE : 11/14/2024
Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Square Footage 3,958 sqft
MLS Listing ID 1605467
Sold Date 11/14/24
Style Ranch
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,958
Originating Board Maine Listings
Year Built 1945
Annual Tax Amount $9,011
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Prime Location in Downtown Yarmouth, on the corner of Main Street and West Elm, across from Dandy's Handy Store. This 4-unit offers THREE 2-bedroom units and ONE 1-bedroom unit, a large basement for storage and utilities, and off street parking on 3 sides of the building for all the tenants. Every unit has a washer/dryer hookup. Tenants are all month-to-month and the seller has never had any difficulty filling vacancies when they do come up. Unit 3 was renovated a couple of years ago, including new windows and flooring. Tenants pay their own electric, cable, internet, trash and snow removal and the landlord pays for oil, water, sewer and does the minimal amount of mowing needed. Maximize your investment by taking advantage of current market rents, or maybe install 4 separate heating systems and turn that expense over to the tenants. Or simply let it cash flow as-is. Please provide proof of funds or a pre-approval letter from a lender prior to requesting a showing. Seller Concessions Available with the right offer.
Location
State ME
County Cumberland
Zoning CD-4 Village Ctr
Rooms
Basement Crawl Space, Full, Interior Entry, Unfinished
Interior
Interior Features 1st Floor Bedroom, One-Floor Living, Storage
Heating Forced Air
Cooling None
Flooring Wood, Vinyl, Tile, Carpet
Fireplace No
Laundry Laundry - 1st Floor, Main Level, Washer Hookup
Exterior
Garage 5 - 10 Spaces, Paved, Off Street
Waterfront No
View Y/N No
Roof Type Flat,Membrane
Street Surface Paved
Parking Type 5 - 10 Spaces, Paved, Off Street
Garage No
Building
Lot Description Corner Lot, Level, Sidewalks, Intown, Near Public Transit
Story 1
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Shingle Siding,Wood Frame
Schools
School District Yarmouth Schools
Others
Restrictions Unknown
Energy Description Oil
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