356-360 Elm St - Apartments FOR SALE


Biddeford, ME 04005
$745,000 USD
207-252-7474
356-360 Elm St, Biddeford, ME for Sale
$745,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

356-360 Elm St
Biddeford, ME 04005


OVERVIEW

ROUTE 1 EXPOSURE WITH A HIGH TRAFFIC COUNT located at the 5 points intersection. 3.5 % DOWN PAYMENT-96.5 % FHA FINANCING AVAILABLE. This property is located in the B2 business zone and allows many different commercial & residential uses. Currently this building is utilized as a 4 unit apartment building, but it can additionally allocate for combined commercial & residential usage. This is an ideal diversified income producing property. Run your business from the large 1st floor front unit with the extensive route 1 exposure and collect the rent from the other three tenants. Don't let this location pass you by. The real estate being conveyed is the right side of the building only. The left side of the building is owned by someone else (360-364 Elm St). One structure with a center party wall separation. Showings are Tuesdays & Thursdays at 3:00. 24 HOUR NOTICE REQUIRED.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

4

PRICE/UNIT

$186,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B2

APN/PARCEL ID

BIDD-000027-000000-000176,BIDD-000027-000000-000177

ASK ABOUT THIS PROPERTY

David TrottierRealty Sales IncMore Info
207-252-7474

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David TrottierRealty Sales IncMore Info
207-252-7474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.