1900

10,000 sqft

Commercial building with 4 apartment units on the second floor. 1 unit has 2 bedrooms and the other 3 are 1 bedroom units. On site laundry is set between the 4 units. The main level has 2 large commercial spaces. Building has a full sprinkler system that is currently out of service and is zoned Urban Residential 2 and Business. Property includes parking lot across the street of nearly 1/4 acre, enough to park multiple cars. The full basement is under the entire building and would be the perfect place for storage. Building is sprinklered and is zoned Urban Residential 2 and Business. This property would make a great investment as the income from the units would pay the mortgage and property taxes. Due to deferred maintenance the building is being sold ''as is'' and a property inspection is recommended. It will be conveyed with a municipal release deed, which may require a cash buyer.The Seller's title is premised upon the statutory foreclosure of Municipal Tax Lien(s) pursuant to 36 M.R.S. §943. As such, the Seller will provide only a Municipal Release Deed, without warranty or covenant of good, marketable, or insurable title.


Status:

Active

Type:

Commercial

Zoning:

Urb Res 2, business

Heating:

Hot Water

Cooling:

None

Basement:

Full

Parking:

1 - 4 Spaces, Paved

Acreage:

0.58

Est. Taxes:

$5,342

Construction

Clapboard, Wood Frame

Lot Description:

Waterfront, Water View, Public Transport Access, Near Airport, Downtown, Business District, Near Shopping

Waterfront:

Yes

MLS #:

1648949


Community Info

School Info



Listing courtesy of Big Bear Real Estate Company