4 Chestnut St - Apartments FOR SALE


Rockland, ME 04841
$569,000 USD
207-446-3333
4 Chestnut St, Rockland, ME for Sale
$569,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

4 Chestnut St
Rockland, ME 04841


OVERVIEW

Spacious in-town lot with generously sized units, located a short distance from Rockland's downtown restaurants, shops, Hannaford, Planet Fitness, and more. The property features a large yard, ample parking. Consists of two - one-bedroom, one-bath units, one - two-bedroom, one bath unit and two efficiencies. Well-situated to benefit from Midcoast Maine's consistently strong rental market. Current rents are below market rent levels, offering excellent upside potential. The owner presently covers heating for all units, though heating costs are modest and could be easily shifted to tenants. Being sold separately now.

FOR SALE DETAILS

PRICE

$569,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

5

PRICE/UNIT

$113,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Chestnut St, Rockland, ME 04841

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,895 SF

ZONING

R6B

APN/PARCEL ID

ROCD-000024D-000000-014000

ASK ABOUT THIS PROPERTY

Douglas EricksonSVN The Masiello GroupMore Info
207-446-3333

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Douglas EricksonSVN The Masiello GroupMore Info
207-446-3333

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