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50 Elm St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) Bath, ME 04530



EXECUTIVE SUMMARY
50 Elm underwent a complete full interior and exterior renovation in 2017-2018. These executive rentals, have very low vacancy rate and a consistent and a NOI. Wonderful downtown Bath location, 1 block from Front Street and the shopping district, and 3 blocks from Commercial Street and RiverFront Park. Off street parking for 8 vehicles plus a 2 car garage. Garage could be an additional source of income. Tenants pay for electric and heat. Financials released with signed NDA.
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,200 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1890/2018 |
| Apartment Style | Low-Rise | Parking Ratio | 1.15/1,000 SF |
| Zoning | C1 & C2 - Residential Multi Use | ||
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2018 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | C1 & C2 - Residential Multi Use |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 3 | - | 1,000 |
| 3+1.5 | 1 | - | 1,000 |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | BTTH-000026-000000-000237 | Improvements Assessment | $396,300 |
| Land Assessment | $77,600 | Total Assessment | $473,900 |
PROPERTY TAXES
Parcel Number
BTTH-000026-000000-000237
Land Assessment
$77,600
Improvements Assessment
$396,300
Total Assessment
$473,900
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50 Elm St
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