150 S Burnt Cove Rd - Multi-Family FOR SALE


Stonington, ME 04681
$545,000 USD
207-812-2288
150 S Burnt Cove Rd, Stonington, ME for Sale
$545,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

150 S Burnt Cove Rd
Stonington, ME 04681


OVERVIEW

Let rental income pay for your new home! Move into the brand new unit and subsidize your purchase through rental incomes. Priced in line with a recent professional appraisal, this is a prime, cash-flowing investment property in the heart of coastal Maine! This 1.4-acre property features five updated rental units plus a workshop, storage garage, laundry room, and office, producing $5,900/month ($70,800 annual gross) with strong rental demand. Major recent upgrades include full electrical overhaul with a backup generator and renovations in multiple units. Tenants enjoy ample parking and proximity to Stonington Harbor, restaurants, and shops. Excellent opportunity for investors seeking turnkey income with upside potential. Highlights: - 5 rental units + additional income from coin-op laundry and storage - 1.4-acre lot with room for continued improvement or expansion (verify with town) - Recent electrical and generator installation - Strong occupancy history, ideal for investor or owner-operator Financials available upon request. Don't miss this rare chance to own a stabilized, income-producing property in one of Maine's most desirable coastal markets.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

5

PRICE/UNIT

$109,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,913 SF

ZONING

-

APN/PARCEL ID

STGT-000004A-000000-000084

ASK ABOUT THIS PROPERTY

Roger OlsenThe Island AgencyMore Info
207-812-2288

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Roger OlsenThe Island AgencyMore Info
207-812-2288

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