102 Manning Drive, West Gardiner, ME, 04345
1965
5,461 sqft
Whether you're expanding your portfolio or seeking a legacy property with waterfront appeal, this is a unique chance to own a multi-unit gem in a serene, natural settingâ€''just minutes from I-295 and downtown Gardiner. Nestled at the end of a quiet, private road, this rare 6-unit ranch-style complex offers 1121 feet of stunning waterfront on Cobbosseecontee Stream and sits on 11.81± acres of beautifully landscaped, wooded land. Each single-level entry unit has been thoughtfully built over the past 50 years and 4 units have recently in the past year have been remodeled and includes its own new washer/dryer and new stainless steel appliancesâ€''ideal for long-term tenants and low-maintenance management. Enjoy consistent rental income with strong tenant history. The property includes a detached 2-car garage, ample parking, studio shed at waters edge and is part of a road association with low annual fees. This is a solid mid-range cap rate 9.44%, a decent return relative to the property's price. Also listed Muli-Family MLS 1636230
Status:
Active
Type:
Commercial
Zoning:
RC
Frontage:
1366
Complex:
Road Maintenance
Heating:
Hot Water, Baseboard
Cooling:
None
Parking:
5 - 10 Spaces, On Site, Off Street
Common Charge:
$750 Annually
Acreage:
11.81
Est. Taxes:
$6,062
HOA Fee
$750
Construction
Vinyl Siding, Wood Frame
Lot Description:
Near Turnpike/Interstate, Rural
Waterfront:
Yes
MLS #:
1642127
Community Info
School Info
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Listing courtesy of Maine Real Estate Experts cindysdan@yahoo.com