Bought with Spectrum Real Estate
$2,900,000
$4,801,500
39.6%For more information regarding the value of a property, please contact us for a free consultation.
40 Baths
45,505 SqFt
SOLD DATE : 01/09/2025
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Listing Status Sold
Square Footage 45,505 sqft
MLS Listing ID 1598564
Sold Date 01/09/25
Style Colonial,Cape,Farmhouse,Multi-Level,Ranch
Full Baths 31
Half Baths 9
HOA Y/N No
Abv Grd Liv Area 45,505
Originating Board Maine Listings
Year Built 1860
Annual Tax Amount $46,502
Tax Year 2023
Lot Size 5.470 Acres
Acres 5.47
Property Description
Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.
Location
State ME
County Kennebec
Zoning Downtown
Body of Water Kennebec River
Rooms
Basement Bulkhead, Dirt Floor, Walk-Out Access, Crawl Space, Daylight, Full, Partial, Exterior Entry, Interior Entry, Exterior Only, Unfinished
Interior
Heating Radiator, Multi-Zones, Hot Water, Heat Pump, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard
Cooling Heat Pump
Flooring Wood, Vinyl, Tile, Laminate, Concrete, Carpet
Exterior
Parking Features 21+ Spaces, Gravel, Paved, Common, Detached, Off Street, On Street
Garage Spaces 8.0
Utilities Available 1
Waterfront Description River
View Y/N No
Roof Type Flat,Membrane,Metal,Pitched,Shingle,Slate
Street Surface Paved
Porch Deck, Patio, Porch
Garage Yes
Building
Lot Description Corner Lot, Level, Sidewalks, Intown, Near Shopping
Foundation Block, Stone, Granite, Pillar/Post/Pier, Concrete Perimeter, Slab, Brick/Mortar
Sewer Private Sewer, Public Sewer, Septic Existing on Site
Water Private, Public, Well
Architectural Style Colonial, Cape, Farmhouse, Multi-Level, Ranch
Structure Type Wood Siding,Vinyl Siding,Shingle Siding,Clapboard,Brick,Wood Frame
Others
Energy Description Gas Natural, Propane, Oil, Electric, Gas Bottled
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