FOR SALE - King Real Estate

KING REAL ESTATE
FOR SALE
Large Three Unit Investment Opportunity Centrally Located Near
Amtrak, University of New England, and Area Amenities
For more information,
please contact:
Paul Weinstein
Associate Broker
KING REAL ESTATE
198 Saco Avenue
Old Orchard Beach,
Maine 04064
T. 207.934.7622
F. 207.934.1566
C. 207.749.9917
36 Water Street—Biddeford, Maine 04005
Property Highlights
•
Low operating costs
•
Centrally Located
•
Great rental history
•
Close to University of New England,
Biddeford Pool, and beaches
•
Walking distance to restaurants,
shops, and Amtrak
•
Off street parking
•
Forced hot water oil heat
•
Saco River and park views
Email:
[email protected]
Commercial & Residential Real Estate Sales– Leasing—Development—Investment—Acquisition
The information contained herein has been obtained from third parties and as such has not been verified. As such, King Real Estate makes not guarantee,
warranty or representation about such information. It is your responsibility to independently confirm its accuracy and completeness. Any dimensions, specifications, floor plans and information may not be accurate and should be verified by you prior to the lease or purchase of the property.
KING REAL ESTATE
36 Water Street—Biddeford, Maine
Page 2
36
Water Street is a large three (3) unit multi-family, centrally located in Biddeford. This property features
1 two bedroom apartment, and 2 townhouse style three bedroom apartments. This three-unit is benefited by it’s location with the Amtrak station, shops, and restaurants all within walking distance. Just a
short drive away is University of New England, Biddeford Pool, and area beaches. Currently fully occupied, this property has
had a great rental history, with relatively low operating costs. This is a great investment opportunity that is priced well below
assessed value. All offers will be subject to lien holder approval, and the property will be sold in “as is” condition.
Property Details
Property Photographs
Property Address:
36 Water Street
Biddeford, ME 04005
Owner:
Deborah Groff
Map/Lot:
Map 41, Block 116, Lot
Book/Page:
Book 13754, Page 320
Acreage:
0.07 +/- acres total
HVAC:
Forced Hot Water Oil Heat
Utilities:
Public water & sewer
Location:
Main Street Saco, cross bridge to Biddeford,
take hard left onto Water Street, and property is on the right across from the park.
Assessed Values:
Building:
Land:
TOTAL:
2009 Taxes:
$ 2,839 ($14.78/$1,000)
No. of Stories:
Two and a half (2.5)
Flooring:
Carpet
Exterior:
Asbestos Shingle
Roof:
Asph/ F gls/ Composite
Age of House:
Constructed in 1880 EYB 1977
Monthly Rental
Income
2 Bedroom Unit: $725
3 Bedroom Unit: $750
3 Bedroom Unit: $675
Approximate Annual Income: $25,800
Approximate Annual Expenses: $14,500
Square Footage:
3,494 sf plus 1,344 sf basement
Appliances:
Electric Ranges, Refrigerators
Zoning
R-2
Sale Price:
Priced to Sell at $ 120,000
$ 140,200
51,900
$ 192,100
Aerial Photograph
Property Disclosure available upon request. See Listing Broker.
Commercial & Residential Real Estate Sales—Leasing—Development—Acquisition
Information contained herein was obtained from third parties, and has not been independently verified by the real estate brokers. Buyers/tenants should
have their choice to inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts with respect to legal,
tax, environment, building construction, soils-drainage or other such matters.
KING REAL ESTATE