29 Bellevue Street, Winslow, ME, 04901 | $499,000

Six units, all offering 2 bedrooms each. Money maker with a cap rate of 11. 64. Two new 50 gallon heat pump water heaters installed in 2019. New vinyl windows 2019. Substantial foundation and drainage renovations in 2021. All apartments renovated and electrical and plumbing upgrades have been ongoing since 2019. Hard wired smoke detectors in 2019. The furnace was not used for 6 years in another location then moved here in 2019. Washer and Dryer hookup ups in each unit. Some siding pieces are needed and the metal roof needs paint, but otherwise the building is in good condition. Management of the building is in place if you would like to keep it going. Again a money maker!!! The seller needs to sell 17 Veterans Court, Waterville (a 5 unit with great income also, in order to do a 1031 Exchange. Again a money maker!

Features

  • Baths: 6 full
  • Units: 6
  • Style: Other
  • Year Built: 1940
  • Heating: Zoned, Hot Water, Baseboard
  • Cooling: None
  • Basement: Interior, Walk-Out Access, Dirt Floor, Full, Unfinished
  • Approx Sq. Feet: 3,528
  • Acreage: 0.28
  • Est. Taxes: $3,627
  • Lot Desc: Open, Level, Intown, Near Shopping, Neighborhood
  • MLS#: 1639898
  • Website: https://www.raveis.com
    /prop/1639898/29bellevuestreet_winslow_me?source=qrflyer
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Listing courtesy of Maine Real Estate Pros

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