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202 Mount Vernon Ave 9 Unit Apartment Building $584,900 ($64,989/Unit) Augusta, ME 04330
INVESTMENT HIGHLIGHTS
- Intown location
- Close to downtown, the Marketplace and the Interstate.
- City water and sewer
EXECUTIVE SUMMARY
Here is a unique property that consists of 2 buildings, 4 unit and 2 unit, along with 2 mobile homes, there is also a 3rd mobile home that is in need of repair. 8 units, with the possibility of a 9th - check with the city on this. All buildings are on one .47-acre lot, good rental history, decent parking, city water and sewer. The 4 unit: (204 Mt Vernon Ave) is in decent condition, 3 -2 bed and 1 -1 bed, BBHW heat, good flooring, kitchens, full baths, etc., nice mix of units, basement. The 2 unit: (202 Mt Vernon Ave) has 2 units, each on their own level, with 2 decent size bedrooms in each, laminate flooring, full baths, monitor heater (propane) in each unit, tenants could pay their own heat, crawl space. 5 Kayla Lane: (mobile home) 2 beds, FHA, kitchen, full bath, dining area. 6 Kayla Lane: (mobile home) 1 bed, FHA, kitchen,, bath, etc. 7 Kayla Lane: (mobile home) is in need of repair and not currently rented. Close to downtown, the Marketplace Mall, and the interstate.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $584,900 | Apartment Style | Low-Rise |
| Price Per Unit | $64,989 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| No. Units | 9 | Building Size | 6,046 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1942 |
| Price | $584,900 |
| Price Per Unit | $64,989 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 6,046 SF |
| No. Stories | 2 |
| Year Built | 1942 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 1
PROPERTY TAXES
| Parcel Number | AUGU-000029-000020 | Improvements Assessment | $197,000 |
| Land Assessment | $20,500 | Total Assessment | $217,500 |
PROPERTY TAXES
Parcel Number
AUGU-000029-000020
Land Assessment
$20,500
Improvements Assessment
$197,000
Total Assessment
$217,500
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202 Mount Vernon Ave
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