96.5 % FHA FINANCING AVAILABLE. TERRIFIC OWNER OCCUPIED OR INVESTOR PURCHASE. Rents are below market rate and need to be increased. All tenants are tenants at will. Three units have been recently remodeled. Route one exposure with a high traffic count located at the 5 points intersection. This property is located in the B2 business zone and allows many different residential & commercial uses. Currently this building is utilized as a 4 unit apartment building, but it can additionally allocate for combined commercial & residential usage. This is an ideal diversified income producing property. Don't let this location pass you by. The real estate being conveyed is the right side of the building only. The left side of the building is owned by someone else (360-364 Elm St) but is available for purchase. One structure with a center party wall separation. 24 HOUR NOTICE REQUIRED FOR SHOWINGS. Seller will contribute towards buyers closing costs!
MLS# | 1580467 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1890 |
Days On Site | 266 |
Listing Provided By | Realty Sales Inc | David Trottier |
Bath(s) | 4 Total |
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SQ Feet | 3,598 |
Garage | 1 |
Basement | Y |
Units | 4 |
Zoning | B2 |
Acreage | 0.35 |
State | ME |
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County | York |
City | Biddeford |
Zip Code | 04005 |
Listing VS Median (in 04005) | |
Price: $745,000 low | high Med: $629,500 SqFt: 3,598 low | high Med: 5,572 $ / SqFt: $207 low | high Med: $113 On Site: 266 low | high Med: 6.000000 |