50 Elm St - Apartments FOR SALE


Bath, ME 04530
$1,250,000 USD
207-553-2491
50 Elm St, Bath, ME for Sale
$1,250,000 USD
Apartments - FOR SALE
1/27
null | 6.4% Cap Rate

50 Elm St
Bath, ME 04530


OVERVIEW

50 Elm underwent a complete full interior and exterior renovation in 2018.? These executive rentals, have a very low vacancy rate and a NOI of $80,000.? Wonderful downtown Bath location, 1 block from Front Street and the shopping district, and 3 blocks from Commercial Street and RiverFront Park.? Off street parking for 8 vehicles plus a 2 car garage.? Garage could be an additional source of income.? Tenants pay for electric and heat.? 100% occupied.?

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C1 & C2

APN/PARCEL ID

BTTH-000026-000000-000237

ASK ABOUT THIS PROPERTY

Edward HerczegBean Group CommercialMore Info
207-553-2491

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Edward HerczegBean Group CommercialMore Info
207-553-2491

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