12 Elm St - Apartments FOR SALE


Freeport, ME 04032
$10,495,000 USD
404-933-7844
12 Elm St, Freeport, ME for Sale
$10,495,000 USD
Apartments - FOR SALE
1/20

12 Elm St
Freeport, ME 04032


OVERVIEW

Steps from Downtown Freeport Mix of one (1), two (2), and three (3) bedroom units Recent updates include new windows (2004), newly paved and striped parking lot (2025), new roofs (all within the last 5-10 years), and new wheelchair-accessible ramps to ensure ADA compliance Newly converted into Fair Market Rentals (was previously in the Rural Development Program) Includes excess land for possible future development Professionally managed and maintained property

FOR SALE DETAILS

PRICE

$10,495,000 USD

# OF UNITS

37

PRICE/UNIT

$283,649

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

60

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

V1

APN/PARCEL ID

FPRT-000012-000023-B000000

ASK ABOUT THIS PROPERTY

Joseph ItaliaanderThe Boulos CompanyMore Info
404-933-7844

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Joseph ItaliaanderThe Boulos CompanyMore Info
404-933-7844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.