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1294 US Route 1
Freeport, ME 04032
Multifamily Property For Sale
·
6 Units
Executive Summary
Rare 6-unit multifamily investment property, offering convenient access to downtown Freeport while located directly off US Route 1, minutes from I-295
Unit Mix: Two (2) 1 BR units & four (4) 2 BR units (separately metered electric)
Recent improvements include insulation in attic, basement, & utility rooms, two (2) Brancato boilers, a water filtration system, rewired service panel on exterior/interiors for each unit, and new decks.
Unit Mix: Two (2) 1 BR units & four (4) 2 BR units (separately metered electric)
Recent improvements include insulation in attic, basement, & utility rooms, two (2) Brancato boilers, a water filtration system, rewired service panel on exterior/interiors for each unit, and new decks.
Property Facts
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 7.58% | Building Size | 4,855 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Low-Rise | ||
| Zoning | MDB - Medium Density B - Medium Density Residential | ||
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 7.58% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 4,855 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | MDB - Medium Density B - Medium Density Residential |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | FPRT-000018-000043 | Improvements Assessment | $320,800 |
| Land Assessment | $143,400 | Total Assessment | $464,200 |
Property Taxes
Parcel Number
FPRT-000018-000043
Land Assessment
$143,400
Improvements Assessment
$320,800
Total Assessment
$464,200
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