527-529 Maine Avenue, Farmingdale, ME 04344

$540,000
Property Type: Multi-Family Baths: 8 Square Footage: 4,880 Lot Size (sq. ft.): 42,689 Status: Closed
Current Price: $540,000 List Date: 12/09/2020 Last Modified: 1/06/2025

Description

Here is a nice and very attractive 8 unit property with many recent improvements and a good Maine Ave location!! Nice mix of units: 2 - 2 Bed, 5 - 1 Bed, 1 - Efficiency, good and stable rental history, very well managed and maintained, large and ample parking area, many recent updates: 2018 - new electric entrance/meters/panels, 2020 - new natural gas boilers - also natural gas coin-opps,, newer and updated: flooring, LED lighting, thermostats, paint, fans/lights, etc., mostly all vinyl windows, more. Great river view, back stairs go down to Rail Trail - nice feature for tenants, excellent Federal looking building with nice curb appeal, near Gardiner and Hallowell. A real trophy property!! (Main building has 7 units and adjacent building - ''Bungalow'' - has 1 unit)

Supplements: ********

More Information MLS# 1477879

Location Information

Street #: 527-529 Street Name: Maine Street Type: Avenue County: Kennebec Town: Farmingdale State/Province: ME Zip Code: 04344 Leased Land: No Book: 12798 Page: 317 Map: 31 Lot: 145 Zoning: Residential Zoning Overlay: Unknown Association: No Full Tax Amount $: 5007 Tax Year: 20 Geo Lat: 44.258628 Geo Lon: -69.775514

Contract Information

Status: Closed Original List Price: 550000 Sold Price: $540,000 Current Price: $540,000

Property Information

Surveyed: No Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: Yes Number of Units: 8 Total Baths: 8 Total Full Baths: 8 Color: White Year Built: 1834 SqFt Finished Above Grade: 4880 SqFt Finished Total: 4880 SqFt Source: Seller Garage: No Lot Size Acres +/-: 0.98 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 150 Source of Road Frontage: Public Records

Status Change Info

Pending Date: 2020-12-14 Closed Date: 2021-01-28 Closed Price: 540000

Water Info

Water Frontage: No Water View: Yes Water Body Name: Kennebec River

Units

# of 1 BD Units: 6 # of 2 BD Units: 2

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 680 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 750 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 750 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 775 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 650 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 740 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 850 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Open Location: Business District; Interior Lot; Intown; Near Shopping; Near Town Roads: Paved; Public Transportation: Major Road Access Water Body Type: River Style: Federal; Other Levels: Multi-Level Construction: Wood Frame Basement: Bulkhead; Dirt Floor; Full; Unfinished Basement Entry: Bulkhead Foundation Materials: Block; Granite; Other Exterior: Other Exterior; Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Laminate; Other; Vinyl; Wood Amenities: 1st Floor Bedroom; Bathtub; Laundry - 1st Floor Patio and Porch Features: Deck; Porch Driveway: Common; Gravel Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - At Street Sewer: Private Sewer Water: Private
Listing Office: Sprague & Curtis Real Estate
Last Updated: January - 06 - 2025
Broker Attribution: jim@spragueandcurtis.com

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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Compare listings

Compare