1294 US Route 1 - Apartments FOR SALE


Freeport, ME 04032
$1,100,000 USD
207-544-4100
1294 US Route 1, Freeport, ME for Sale
$1,100,000 USD
Apartments - FOR SALE
1/8
null | 7.58% Cap Rate

1294 US Route 1
Freeport, ME 04032


OVERVIEW

Rare 6-unit multifamily investment property, offering convenient access to downtown Freeport while located directly off US Route 1, minutes from I-295 Unit Mix: Two (2) 1 BR units & four (4) 2 BR units (separately metered electric) Recent improvements include insulation in attic, basement, & utility rooms, two (2) Brancato boilers, a water filtration system, rewired service panel on exterior/interiors for each unit, and new decks.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

7.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MDB - Medium Density B

APN/PARCEL ID

FPRT-000018-000043

ASK ABOUT THIS PROPERTY

Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

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Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

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