4 MERRIAM STREET Berwick, ME 03901 | Commercial Sale | Multi-Family

$1,250,000

Closed
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0.5 acres
Winsor Brook Property Advisors/Dover Logo
Listing Courtesy of
Winsor Brook Property Advisors/Dover

Description

This heavy timbered building on concrete piers was converted to apt in1988, no lead paint. Flooring is carpet or vinyl on gypcrete over 2” thick wood planking, 2” x 6” exterior walls with fiberglass ins, 6” ins under floors, 9” in ceiling and 2”x 8” separation walls between units with 6” insulation. 5/8” fireguard sheetrock between units and 2 one-hour fire separations in attic. Vinyl siding, double pane tilt-in windows and freshly painted trim. Re-roofed in 2016. Each unit has pull down steps to large individual attic storage. Cathedral ceiling in living rooms, open to bar top counter to galley kitchen. Kitchens have elec. range and exhaust hood, frost free refrigerator, double bowl stainless steel sinks, 14’ of oak cabinets with Formica countertops. Baths have vanity and one-piece tub and shower unit and are plumbed and wired for a stackable W&D (not supplied by landlord). Each Bdrm features a double size lighted closet. Individual elec water heaters and propane forced hot air furnaces in each unit. Ground fault interrupters and combo smoke/carbon monoxide detectors to code. Entrance doors have peep hole, deadbolt and adjustable threshold plus storm door with removable glass and screen panel. Very economical to heat. Underground propane tanks feed gas meters along rear wall, Rymes bills tenants directly. Only landlord elec bill is for two streetlights in parking lot ($13/month). No common area to heat/maintain.

Property Details

List Price $1,475,000 Sold Price $1,250,000 List Date 2020-10-07 Sold Date 2021-02-08 MLS ID 4833143 Status Closed Property Type Commercial Sale Business Type Multi-Family County ME-York Days on Market 48

structure

basement No Total Baths 0 building area units Square Feet building name Merriam Street Apartments cooling Wall AC Units Features Exterior Business Type Multi-Family foundation details Concrete heating Forced Air living area units Square Feet Parking Features Off Street, Paved roof Shingle - Asphalt stories 1 year built 1945

characteristics

Acres 0 lot size area 0.5 Lot SqFt 21780.0 # of Units 12

tax

tax annual amount 10486.25 tax year 2021 zoning R-1 Urban Residential

financial

gross income 135960.0 net operating income 104720.0 operating expense 22153.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Non-Rep Comp. 2 Trans. Broker Comp. 2 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 8:06:12 PM (UTC)