$579,900
Located in the heart of Biddeford, this well-maintained multi-family property offers a fantastic investment opportunity with strong, steady rental income. Situated on a quiet dead-end street, the property provides privacy and minimal traffic while still being conveniently close to local amenities, shopping, and downtown. The building features three fully… Read More occupied units, making it an ideal turnkey investment. The unit mix includes one 1-bedroom apartment, one 2-bedroom apartment, and one spacious 4-bedroom apartment--appealing to a variety of tenant needs and maximizing rental potential. Each unit is currently leased, offering immediate cash flow for the next owner. Adding even more value, the property presents the potential to create a fourth unit in the basement (subject to town approvals), providing an opportunity to further increase income and overall return on investment. Outside, tenants enjoy a private backyard--perfect for relaxing or entertaining--along with the added benefit of a peaceful dead-end location. Major mechanical updates have already been completed, including a new furnace and oil tank installed in 2021, as well as upgraded electrical systems, offering peace of mind and reduced near-term capital expenses. Whether you're expanding your portfolio or entering the multi-family market, this property in Biddeford delivers location, stability, and upside potential all in one compelling package. Read Less
Courtesy of Keller Williams Realty Karyn.macgrath@kw.com
Listing Snapshot
Days Online
5
Last Updated
Full Baths
3
Partial Baths
1
Square Ft.
2,965
Lot Size
0.09 Acres
Year Built
1890
MLS Number
1653105
Additional Details
Roof
Roof: "Shingle"
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Daylight", "Full", "Unfinished"
Building
Architectural Style: "Colonial", "New Englander", Building Area Total: 2,965, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1890, 3 stories, 3 total stories
Cooling
Cooling: "None"
Disclosures
Exclusions: Tenants own their washers/dryers.
Expenses
Operating Expense: $1
Exterior Features
Other Equipment: "Internet Access Available"
Floors
Flooring: "Wood", "Vinyl", "Laminate", "Carpet"
Foundation
Foundation Details: "Concrete Perimeter", "Slab", "Brick/Mortar"
Heating
Heating: "Zoned", "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $67,200
Interior Features
Features: "Bathtub", "Storage"
Laundry
Features: "Laundry - 1st Floor", "Upper Level", "Main Level", "Washer Hookup"
Lot
Features: "Rolling/Sloping", "Sidewalks", "Intown", "Near Shopping", "Near Turnpike/Interstate", "Near Town", "Neighborhood", "Near Public Transit", 0.09 acres, Area: 0.09, 3,920 square feet
Parking
Features: "No Driveway", "Paved", "On Street"
Property
Parcel Number: BIDD-000033-000000-000027, Zoning: R1B
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,607, Tax Lot: 27
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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