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Browse More Listings in Multifamily For Sale, Freeport, ME or Maine

Multifamily Property For Sale

Summer House Furnished Apartments

1 Summer St., Freeport, ME 04032

Price:
$599,000
No. Units:
5
Building Size:
4,600 SF
Price/Unit:
$119,800
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
8.50%
Occupancy:
100%
Lot Size:
0.64 AC
Find Out More...

Last Verified 11/21/2009 Listing ID 16298193

Description

Profitable furnished 5-unit property that has been tastefully remodeled. Amenities include beautiful landscaping, on-site laundry room, private deck and porch. The newly renovated building retains the charm and character of the original 1885 farmhouse. Rentals include short and long term, corporate, and vacation lodging.

Excellent location, walking distance to outlet village, L.L. Beans and the newly completed Village Station Shopping Center. Freeport is located on the shores of Casco Bay, two hours north of Boston and 15 minutes north of Portland. Well known for its outlet shopping, Freeport is also a town rich in beauty, history, and recreational opportunities. With over 200 upscale outlets, designer shops, boutiques, B&B's, hotels, great restaurants and cafes it is a place to shop, play, dine or stay.

Financial Summary

Actual
Net Operating Income
$52,700

Map of 1 Summer St., Freeport, ME 04032 (Cumberland County)

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Created 6/29/2009

Additional Information for 1 Summer Street, Freeport, ME 04032

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Summer House Furnished Apartments

1 Summer St., Freeport, ME, 04032