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107 State Street

Brewer, ME 04412
  • $425,000
  • STATUS: Active
  • MLS #: 1578082
$425,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,937
    SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

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Description

Back on Market no fault of the property! Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate, this easy-to-maintain building has new heat pumps, two remodeled apartments, and a fresh exterior paint job. 107 State St presents an excellent opportunity to secure a high-performing asset without much needed work upon closing. Don't miss out on this chance to elevate your investment portfolio. Schedule a viewing today!

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-03-04T23:50:00.4.
www.davidmarshallteam.com/homes/145462971
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107 State Street Brewer, ME 04412

  • Price: $425,000
  • Status: Active
  • On Site: Days
  • MLS #: 1578082
0
Beds
4
Baths
0
½ Baths
0.2
Acres
2,937
SQFT
$145
$/SQFT
1900
Built
County:
Penobscot
Area:
Brewer
Property Description
Back on Market no fault of the property! Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate, this easy-to-maintain building has new heat pumps, two remodeled apartments, and a fresh exterior paint job. 107 State St presents an excellent opportunity to secure a high-performing asset without much needed work upon closing. Don't miss out on this chance to elevate your investment portfolio. Schedule a viewing today!
Exterior Features

Architectural Style Multi-Level Attached Garage YN No Construction Materials Wood SidingVinyl SidingAluminum SidingWood Frame Foundation Details Brick/Mortar Garage YN No Lot Features LevelIntownNear ShoppingNeighborhood Other Structures Shed(s) Parking 5 - 10 SpacesOff Street Parking Features 5 - 10 SpacesGravelOff Street Road Surface Type Paved Roof Metal Water View No Waterfront YN No

Interior Features

Above Grade Finished Area 2937 Basement BulkheadBrick/MortarFullExterior EntryExterior OnlyUnfinished Below Grade Finished Area 0 Carpet Floors YN Yes Cooling Heat Pump Cooling YN Yes Flooring VinylLaminateCarpet Heating Heat Pump Heating YN Yes Interior Features Bathtub Laundry Features Washer Hookup

Property Features

Association YN No Electric Circuit Breakers Gross Income 56400 Has No Restrictions Yes Heat Fuel Electric YN Yes Land Lease YN No Operating Expense 3960 Pets Allowed No Restrictions Property Seasonal No Sewer Public Sewer Tax Annual Amount 5936 Tax Year 2024 Utilities Utilities On Water Source Public Zoning HDR

Maine Real Estate Information Systems logo Listing provided courtesy of Keller Williams Realty: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-03-04T23:50:00.4.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
Mortgage Calculator tool is provided by BoomTown.