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38 Townsend Avenue, Boothbay Harbor, ME 04538

$1,599,000
Property Type: Multi-Family Baths: 13 Square Footage: 6,895 Lot Size (sq. ft.): 18,731 Status: Active
Current Price: $1,599,000 List Date: 12/06/2023 Last Modified: 4/02/2024

Description

Don't miss this rare opportunity to own three multi-family buildings (38 Townsend Ave, 40 Townsend Ave & 5 McClintock St) in the heart of Boothbay Harbor! Whether you're a seasoned investor or looking to start your real estate journey, this is your chance to secure a valuable piece of the Boothbay Harbor market. Nestled in the heart of picturesque Boothbay Harbor, these three separate buildings totaling 11/12 rental units. Currently being rented as self-managed Airbnb units. The property has an established rental history with excellent occupancy rates with the possibility for rent increases and value appreciation. Rent all units or live in one while earning income from the others and enjoy stunning coastal views and outdoor recreation right at your doorstep! Group Showing on Thursday October 5th From 12p - 2pm

Supplements: ********

More Information MLS# 1573535

Location Information

Street #: 38 Street Name: Townsend Street Type: Avenue County: Lincoln Town: Boothbay Harbor State/Province: ME Zip Code: 04538 Zip +4: 1988 Leased Land: No Book: 5384 Page: 28-31 Map: 19 Lot: 149 & 147 Zoning: Downtown Business Zoning Overlay: Unknown Association: No Full Tax Amount $: 10696 Tax Year: 2023 Geo Lat: 43.852873 Geo Lon: -69.627127

Contract Information

Status: Active Original List Price: 1900000 List Price: $1,599,000 Current Price: $1,599,000

Property Information

Surveyed: No Seasonal: No Number of Units: 13 Total Baths: 13 Total Full Baths: 11 Total Half Baths: 2 Year Built: 1700 SqFt Finished Above Grade: 6895 SqFt Finished Total: 6895 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.43 Source of Acreage: Public Records

Compensation & Misc Info

Buyer Agency: 2.5 Buyer Agency Type: %

Water Info

Water Frontage: No Water View: Yes Water Body Name: Boothbay Harbor

Income & Expenses

Gross Income: 227520 Operating Expenses: 32000

Units

# of 1 BD Units: 10 # of 2 BD Units: 3

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 1680 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: Second Security Deposit: No Monthly Rent: 1680 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Second Security Deposit: No Monthly Rent: 1680 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Second Security Deposit: No Monthly Rent: 1680 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: First Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 2 # 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: First Security Deposit: No Monthly Rent: 960 # Half Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: First Security Deposit: No Monthly Rent: 1260 # 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: First Security Deposit: No Monthly Rent: 1260 # 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: No Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: No Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: First Security Deposit: No Monthly Rent: 1980 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: Second Security Deposit: No Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: No Level: First Security Deposit: No Monthly Rent: 1980 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

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

Utilities

Utilities On: Yes

Property Features

Site: Open; Rolling/Sloping; Sidewalks Location: Interior Lot; Intown; Near Public Beach; Near Shopping Roads: Paved; Public Water Body Type: Bay; Harbor; Ocean Style: Colonial; Farmhouse Construction: Wood Frame Other Structures: Out Building; Shed Basement: Brick/Mortar; Crawl Space; None; Partial Basement Entry: Exterior Only; Not Applicable Foundation Materials: Brick/Mortar; Other Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Direct Vent Heater; Heat Pump; Radiator Heat Fuel: Oil; Propane Water Heater: Electric; Off Heating System; Tank Cooling: Heat Pump Floors: Carpet; Laminate; Tile; Vinyl; Wood Patio and Porch Features: Porch Equipment: Internet Access Available Driveway: Common; Gravel; Paved Parking: 1 - 4 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
Last Updated: April - 02 - 2024
38 Townsend Avenue, Boothbay Harbor, ME 04538- MLS# 1573535
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