42 Spruce St - Apartments FOR SALE


Sanford, ME 04073
$819,000 USD
617-366-9339
42 Spruce St, Sanford, ME for Sale
$819,000 USD
Apartments - FOR SALE
1/49
null | 8.38% Cap Rate

42 Spruce St
Sanford, ME 04073


HIGHLIGHTS

  • Heavy Cashflow, solid rental history

OVERVIEW

Exceptional investment opportunity in the heart of Sanford! This well-maintained and recently updated six-unit features a desirable unit mix and extensive recent improvements, making it a low-maintenance addition to any portfolio. Property includes four (4) 2BR/1BA apartments, one (1) 1BR/1BA, and one (1) studio—ideal for strong, diversified rental demand. Major exterior upgrades: new roof, vinyl siding, and decks! With over $100K in annual rental income, a strong proven rental history and Cap Rate of 8.3% makes this a great investment to any portfolio!

FOR SALE DETAILS

PRICE

$819,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

6

PRICE/UNIT

$136,500

CAP RATE

8.38%

% 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

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,321 SF

ZONING

U

APN/PARCEL ID

SANF-000027-J000028

ASK ABOUT THIS PROPERTY

Alexander MatthewsSummit Real EstateMore Info
617-366-9339

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Alexander MatthewsSummit Real EstateMore Info
617-366-9339

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