Bought with Portside Real Estate Group
$718,160
$775,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Baths
3,851 SqFt
SOLD DATE : 07/02/2025
Key Details
Sold Price $718,160
Property Type Multi-Family
Listing Status Sold
Square Footage 3,851 sqft
MLS Listing ID 1624395
Sold Date 07/02/25
Style Other
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 3,851
Year Built 1940
Annual Tax Amount $6,934
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Source Maine Listings
Land Area 3851
Property Description
5-unit investment property in Biddeford featuring four 2-bedroom units and one studio. Recent capital improvements include updated electrical service and individual heat pump hot water heaters for each unit. Three units have been renovated with modern finishes, a fourth will be completed prior to closing, and one unit remains with a long term tenant. A natural gas heating system was installed in 2021. Solid rental upside with key systems already upgraded. Ideal for investors seeking a stabilized asset with room for value-add.
Location
State ME
County York
Zoning MSRD2
Rooms
Basement Full, Bulkhead, Unfinished
Interior
Heating Hot Water
Cooling None
Flooring Vinyl
Exterior
Parking Features 1 - 4 Spaces, Paved
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Lot Description Level, Sidewalks, Intown, Near Town
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Clapboard,Wood Frame
Others
Energy Description Gas Natural
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