358 Main Street, Biddeford, ME 04005
$475,000
Property Type:
Multi-Family
Baths:
6
Square Footage:
4,165
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$475,000
List Date:
8/29/2022
Last Modified:
3/27/2023
Description
Significant price decrease!
Looking for an ideal investment opportunity in a perfect location near the Saco River? Earn valuable rental income from this 6-unit apartment complex with all but one unit currently occupied. This unit is currently getting a face lift, almost complete, with beautiful new cabinetry and flooring. This property is in walking distance to boundless restaurants, shopping excursions, and easy access to reliable transportation! Off street parking available as well.
Check out this great opportunity!
Please not this is also listed as a multifamily sale MLS #1541422
Supplements: ********
More Information MLS# 1541420
Location Information
Street #: 358
Street Name: Main
Street Type: Street
County: York
Town: Biddeford
State/Province: ME
Zip Code: 04005
Zip +4: 5238
Leased Land: No
Book: 14545
Page: 0566
Map: 37
Lot: 37
Zoning: B1
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 7190
Tax Year: 2021
Geo Lat: 43.495944
Geo Lon: -70.461292
Contract Information
Status: Closed
Original List Price: 650000
Sold Price: $475,000
Current Price: $475,000
Property Information
Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 6
Total Baths: 6
Total Full Baths: 6
Color: Beige
Year Built: 1900
SqFt Finished Above Grade: 4165
SqFt Finished Total: 4165
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.22
Source of Acreage: Public Records
Compensation & Misc Info
Buyer Agency: 2.5
Buyer Agency Type: %
Status Change Info
Pending Date: 2022-12-22
Closed Date: 2023-03-23
Closed Price: 475000
Water Info
Water Frontage: No
Water View: No
Building Info
# Stories: 2
# Heating Units: 1
Income & Expenses
Gross Income: 68940
Operating Expenses: 19162
Units
# of 1 BD Units: 4
# of 2 BD Units: 2
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
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: 1050
# 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 3
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 995
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
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: 850
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Unit 5
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 950
# 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 6
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
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: Sidewalks
Location: Business District; Intown; Near Shopping; Near Town; Near Turnpike/Interstate
Roads: Paved
Transportation: Public Transport Access
Style: New Englander
Construction: Wood Frame
Basement: Brick/Mortar; Unfinished; Walkout Access
Basement Entry: Walk-Out
Foundation Materials: Block; Brick/Mortar; Poured Concrete
Exterior: Vinyl Siding; Wood Siding
Roof: Membrane; Shingle
Heat System: Baseboard
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Carpet; Laminate; Vinyl
Patio and Porch Features: Deck
Equipment: Internet Access Available
Driveway: Paved
Parking: 5 - 10 Spaces; Off Street
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Deed Public Access ›Listing Office: Landing Real Estate
Last Updated: March - 27 - 2023
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