Skip To Content

288 Main Street

Biddeford, ME 04005
  • $749,900
  • STATUS: Active
  • MLS #: 1511608
UPDATED: 55 min ago
$749,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,932
    SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Mortgage Calculator tool is provided by BoomTown.

Description

Biddeford's revival is here with Downeast Magazine naming it one of the Best Places to Live in Maine! Travel website Matador Network names Biddeford in top 25 coolest cities to visit in America. Rare offering. 7 unit mixed used investment property in the heart of Biddeford's Main St. 100% occupancy with excellent location near Main St. and Elm St.(Rt.1) intersection. One apartment monthly rent is paid thru June 2022, to be credited to buyer at closing! Many improvements and upgrades throughout current ownership. The property has had strong demand with both the retail and residential mix. Current apartment rents range from $750 to $950. Unit mix is (3) retail storefronts, (4) residential apartments Current monthly rents are slightly under market with mostly long term tenants, so there is room for income growth. Historical vacancy has remained extremely low throughout ownership. Gross annual rents: $65,100

Monthly Payment Calculator


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.
© 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-12-04T07:47:25.983.
www.linscottrealestate.com/homes/122244459
Print Image

288 Main Street Biddeford, ME 04005

  • Price: $749,900
  • Status: Active
  • On Site: Days
  • Updated: 55 min ago
  • MLS #: 1511608
0
Beds
0
Baths
0
½ Baths
0.12
Acres
7,932
SQFT
$95
$/SQFT
1910
Built
County:
York
Area:
Biddeford
Property Description
Biddeford's revival is here with Downeast Magazine naming it one of the Best Places to Live in Maine! Travel website Matador Network names Biddeford in top 25 coolest cities to visit in America. Rare offering. 7 unit mixed used investment property in the heart of Biddeford's Main St. 100% occupancy with excellent location near Main St. and Elm St.(Rt.1) intersection. One apartment monthly rent is paid thru June 2022, to be credited to buyer at closing! Many improvements and upgrades throughout current ownership. The property has had strong demand with both the retail and residential mix. Current apartment rents range from $750 to $950. Unit mix is (3) retail storefronts, (4) residential apartments Current monthly rents are slightly under market with mostly long term tenants, so there is room for income growth. Historical vacancy has remained extremely low throughout ownership. Gross annual rents: $65,100
Exterior Features

Color Mix Construction Wood Frame Driveway Paved Exterior Vinyl Siding Parking 5 - 10 Spaces Road Frontage Or More 52.00 Roads PavedPublic Site Sidewalks Vehicle Storage Carport Water Info Water Frontage No Water Info Water View No

Interior Features

Basement Dirt FloorPartialUnfinished Floors CarpetLaminateOtherVinyl Units Number Of1 Bd Units 4 Units Number Of2 Bd Units 0 Units Number Of3 Bd Units 0 Units Number Of4 Or More Bd Units 0 Utilities Pole N/A

Property Features

Amenities Deck Building Info Number Heating Units 6 Building Info Number Water Heaters 6 Cooling None Electric Circuit Breakers Equipment CableInternet Access Available Full Tax Amount Amount 6687.00 Gas Natural - At Street Heat Fuel ElectricOil Heat System Hot WaterMulti-Zones Leased Land No Location Business DistrictHistoric DistrictIntownNear ShoppingRetail Strip Lot 1 Seasonal No Sewer Public Sewer Sqft Finished Above Grade 5162.00 Sqft Finished Below Grade 2770.00 Sqft Source Public Records Style Multi-Level Surveyed Unknown Tax Year 2020 Water Public Zoning Msrd1 Zoning Overlay Unknown

Listing provided courtesy of Www.Entryonly.Com.

© 2021 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

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.
© 2021 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2021-12-04T07:47:25.983.
 
https://bt-photos.global.ssl.fastly.net/maine/orig_boomver_1_1511608-2.jpg https://bt-photos.global.ssl.fastly.net/maine/orig_boomver_1_1511608-2.jpg https://bt-photos.global.ssl.fastly.net/maine/orig_boomver_1_1511608-2.jpg
Logo
Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
Mortgage Calculator tool is provided by BoomTown.