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48 Waldo Avenue , #5

Belfast, ME 04915
  • $495,000
  • STATUS: Active
  • MLS #: 1506139
UPDATED: 24 min ago
$495,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 985
    SQFT
Type:
Multi-Family
Built:
1870
County:
Area:

School Ratings & Info

School District:
Mortgage Calculator tool is provided by BoomTown.

Description

VERY IMPORTANT, IF POSSIBLE CALL or text first. This 1870 building has 5 units & the tenants are long term as none have moved out in 4 years or longer. The owners believe in a cooperation of the owners and tenants treating each other with respect and niceness. The owners do not charge the highest rent but yearly they increase based on the individual ability for that increase. The owners have owned this building since 2006. The location makes walking to the stores and waterfront in 5 to 10 minutes. In 2019 the building brought in $44,501 in rents, in 2020 the rent totals were $50,616 with & our present rents the next year will bring in $54,276 or more. Every apartment has a washer & dryer or access to a common washer/ dryer. Each of the 5 apartments has a Rennui heaters which are efficient and safe. The owners pay the utililities and the tenants kept the heat totals to $2837 for the 5 unit apartment house for the year 2020 and the electric useage for the year was $3091. The total expenses including maintenance, taxes, insurance, water, sewer, garbage, electric, and heat was $13,644. The roof is 3 years old, and the owners expect few extra major expenditures. The basement is full, concrete and dry.(It will be emptied if new purchase) All the leases are monthly and use Maine Housing for 3 of the apartments. Maine Housing does a yearly very thorough and very safe inspection. The usual 24 Hour notice but do prefer a drive by first (no use in inconveniencing anyone)or will show the outside, basement and common areas with short notice. Also every Winter the owners go away for up to 2 months with the tenants being helpful and self reliant. The owners will help any new owner and also will consider some owner financing depending on the needs of the prospective owners. Belfast is a wonderful small town with a small town council governing. So central location, great small town and the present owner would even assist with management if needed. BROKER OWNED.

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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/120717623
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48 Waldo Avenue , #5 Belfast, ME 04915

  • Price: $495,000
  • Status: Active
  • On Site: Days
  • Updated: 24 min ago
  • MLS #: 1506139
0
Beds
0
Baths
0
½ Baths
0.27
Acres
985
SQFT
$503
$/SQFT
1870
Built
County:
Waldo
Area:
Belfast
School District:
Rsu 71
Property Description
VERY IMPORTANT, IF POSSIBLE CALL or text first. This 1870 building has 5 units & the tenants are long term as none have moved out in 4 years or longer. The owners believe in a cooperation of the owners and tenants treating each other with respect and niceness. The owners do not charge the highest rent but yearly they increase based on the individual ability for that increase. The owners have owned this building since 2006. The location makes walking to the stores and waterfront in 5 to 10 minutes. In 2019 the building brought in $44,501 in rents, in 2020 the rent totals were $50,616 with & our present rents the next year will bring in $54,276 or more. Every apartment has a washer & dryer or access to a common washer/ dryer. Each of the 5 apartments has a Rennui heaters which are efficient and safe. The owners pay the utililities and the tenants kept the heat totals to $2837 for the 5 unit apartment house for the year 2020 and the electric useage for the year was $3091. The total expenses including maintenance, taxes, insurance, water, sewer, garbage, electric, and heat was $13,644. The roof is 3 years old, and the owners expect few extra major expenditures. The basement is full, concrete and dry.(It will be emptied if new purchase) All the leases are monthly and use Maine Housing for 3 of the apartments. Maine Housing does a yearly very thorough and very safe inspection. The usual 24 Hour notice but do prefer a drive by first (no use in inconveniencing anyone)or will show the outside, basement and common areas with short notice. Also every Winter the owners go away for up to 2 months with the tenants being helpful and self reliant. The owners will help any new owner and also will consider some owner financing depending on the needs of the prospective owners. Belfast is a wonderful small town with a small town council governing. So central location, great small town and the present owner would even assist with management if needed. BROKER OWNED.
Exterior Features

Accessibilitiy Amenities 32 - 36 Inch DoorsLevel Entry Color White Construction Wood Frame Driveway CommonGravel Exterior Vinyl Siding Foundation Materials Block Parking 5 - 10 Spaces Recreational Water Boat MooringNearbyOceanfrontPublicWaterfront DeepWaterfront Tidal Road Frontage Or More 82.50 Roads Public Site LevelOpenSidewalks Vehicle Storage No Vehicle Storage Water Info Water Frontage No Water Info Water View No

Interior Features

Basement Brick/MortarBulkheadFullUnfinishedWalkout Access Floors CarpetComposition Units Number Of1 Bd Units 3 Units Number Of2 Bd Units 2 Units Number Of3 Bd Units 0 Units Number Of4 Or More Bd Units 0 Utilities Pole 1

Property Features

Amenities 1st Floor Bedroom1St Floor Primary Br W/BathAtticFenceLaundry - 1st FloorLaundry - HookupOne-Floor LivingPantryPorchPrimary Bedroom W/BathShowerStorage Building Info Number Floors 2 Building Info Number Heating Units 5 Cooling None Electric Circuit Breakers Equipment Internet Access Available Full Tax Amount Amount 3560.00 Gas Bottled Heat Fuel Gas Bottled Heat System Direct Vent Heater Leased Land No Location IntownNear ShoppingNear Town Lot 002 Restrictions 1 PetPet Weight Limit Seasonal No Sewer Public Sewer Sqft Finished Above Grade 985.00 Sqft Finished Below Grade 0.00 Sqft Source Public Records Style New Englander Surveyed Unknown Tax Year 2020 Transportation Deep Water AccessMajor Road AccessNear AirportPublic Transport Access Water Public Zoning Residential Zoning Overlay No

Listing provided courtesy of Berkshire Hathaway Homeservices Northeast Real Estate.

© 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.
 
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22 Cottage Road
South Portland ME, 04106
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