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Listed by Keller Williams Realty

$775,000

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5 Baths

3,851 SqFt

Pending

74 South ST Biddeford, ME 04005

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Elevate Maine Realty

info@elevatemaine.com +1(207) 331-4565

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Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 3,851 sqft

MLS Listing ID 1624395

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

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME, 04105-1301, USA