Photos: Property ID: 17
This is our newest project. A huge 7,800 SF 7-unit apartment building in one of Waterville's best neighborhoods. (Boutelle Ave) The property is a 3 story Victorian with alot of appeal. There are two 3BR apartments, three 2BR and two 1BR units. Ample parking, lots of class. This is the very first building in the state to complete Efficiency Maine's "Multi Unit Efficiency Program."
It's very rare that you find a 7 unit that would make a great "owner occupied" situation. Here you have a choice of two "cavernous" 3BR apartments, great blue and white collar "easy going" residents, a building that's been updated from every end, and a very nice, safe, well-kept neighborhood. Imagine having all your housing expenses paid for in exchange for working a couple hours a week on average?
- Great residential neighborhood
- 7 units: two 3BR(HUGE!), three 2BR, two 1BR
- AGI: $55,860 / $4,610 MGI
- NOI ~ $30,723
- List of upgrades & repairs
- Owner occupied option: Live in 3BR, all housing expenses paid, earn $2,183 per month before financing
- Financing: $2,036 MO based on 25% down, 20 year, 4.5% interest. (typical investment prop terms)
- ASKING PRICE: : $429,000
Property 29 || Property Elm || Property 7 || Property 2 || Property 26 || Property 28 || Property 60 || Property 17 || Property 169 || Property 28H || Property 241 Bldg 1 || Property 241 Bldg 2 ||