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369 School Street, Unity, ME 04988

$1,250,000
Property Type: Multi-Family Baths: 11 Square Footage: 14,524 Lot Size (sq. ft.): 45,738 Status: Active
Current Price: $1,250,000 List Date: 9/26/2023 Last Modified: 12/27/2023

Description

Great investment opportunity. Very well maintained 10 apartment units and 1 retail unit. Five additional first floor units are under constructions. The owner currently has potential tenants on a waiting list. The owner is now completing the 5 additional units. When these units are finished and rented the estimated ROI will be 9.4%.

Supplements: ********

More Information MLS# 1573164

Location Information

Street #: 369 Street Name: School Street Type: Street County: Waldo Town: Unity State/Province: ME Zip Code: 04988 Zip +4: 3907 Leased Land: No Book: 3043 Page: 157 Map: 011-014-16 Lot: 011-014-16 Zoning: Commercial Zoning Overlay: Unknown Association: No Full Tax Amount $: 6260 Tax Year: 2022 Geo Lat: 44.613495 Geo Lon: -69.352144

Contract Information

Status: Active Original List Price: 1500000 List Price: $1,250,000 Current Price: $1,250,000

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 11 Total Baths: 11 Total Full Baths: 10 Total Half Baths: 1 Year Built: 1988 SqFt Finished Above Grade: 14524 SqFt Finished Total: 14524 Garage: No Lot Size Acres +/-: 1.05 Source of Acreage: Public Records Road Frontage +/-: 200 Source of Road Frontage: Seller

Compensation & Misc Info

Buyer Agency: 2 Buyer Agency Type: %

Water Info

Water Frontage: No Water View: No

Income & Expenses

Gross Income: 159600 Operating Expenses: 54585

Units

# of 1 BD Units: 11

Unit 1

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: First Security Deposit: Yes Monthly Rent: 3000 # Half Baths: 1 # of Rooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Open Location: Near Town Roads: Paved; Public Style: Contemporary; Multi-Level Construction: Wood Frame Basement: Slab Basement Entry: Not Applicable Exterior: Vinyl Siding Roof: Metal Heat System: Baseboard; Heat Pump; Hot Water Heat Fuel: Oil Water Heater: Off Heating System Cooling: Heat Pump Floors: Laminate Driveway: Paved Parking: 21+ Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Private; Well Existing on Site

Documents

Listing Office: Berkshire Hathaway HomeServices Northeast Real Estate
Last Updated: December - 27 - 2023
369 School Street, Unity, ME 04988- MLS# 1573164
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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