$300,000
Presenting a great opportunity for investors! 50 Spruce Street is a solid, six-unit building with many recent updates and renovations. Located on a quiet street convenient to Route 2, yet close to town conveniences. Currently, two units are rented; and three of the four vacant units… Read More have been updated with new floors, radiator covers, cabinets/countertops, and bathrooms. You will have the opportunity to locate new tenants and rent each of the vacant units at current market rates. Or, you could owner-occupy and let the rent take care of the mortgage! This would be the perfect home for an outdoor enthusiast, as you would be living close to so many outdoor recreation opportunities; within 30 minutes you can do all of the following: ski at Sunday River or Black Mountain, kayak or canoe on the Androscoggin River, and camp or hike at Mount Blue State Park, Grafton Notch State Park, or Maine's public reserved land. A 48 hour lead time is requested for showings, if possible. Minimum 24 hours is required to notify tenants. Read Less
Courtesy of Coldwell Banker Realty 207-967-9900
Listing Snapshot
Days Online
11
Last Updated
Full Baths
6
Square Ft.
6,570
Lot Size
0.16 Acres
Year Built
1925
MLS Number
1602662
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Dirt Floor", "Exterior Only", "Unfinished"
Building
Architectural Style: "Multi-Level", Building Area Total: 6,570, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 6, Year Built: 1925
Cooling
Cooling: "None"
Expenses
Operating Expense: $18,550
Floors
Flooring: "Wood", "Vinyl"
Foundation
Foundation Details: "Block"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $86,400
Lot
Features: "Level", "Suburban", 0.16 acres, Area: 0.16, 6,970 square feet
Parking
Features: "Other"
Property
Parcel Number: RUMF-000117-000000-000026, Zoning: Res
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,883, Tax Lot: 26
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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