705 Maine Ave - Multi-Family FOR SALE


Farmingdale, ME 04344
$599,000 USD
207-623-1123
705 Maine Ave, Farmingdale, ME for Sale
$599,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

705 Maine Ave
Farmingdale, ME 04344


HIGHLIGHTS

  • The main building (705 Maine Ave) is a 3 bedroom 1 bath home.
  • The rear building (707 Maine Ave), is currently set up as an apartment with 1 bedroom and 1 bath.
  • Abuts the Kennebec River Rail Trail

OVERVIEW

There are not many properties like this left on Maine Avenue! This property has two buildings and 5 acres perched above the Kennebec River. It is perfect for residential use and someone looking to rent the rear building or use it for an onsite business location. The rear building could easily be converted to a 2 car garage with living or office space above. The land features a large open backyard that abuts the Kennebec River Rail Trail, a trail system that connects Augusta to Gardiner along the Kennebec River. Perfect for walking and biking. The rear building (707 Maine Ave), is currently set up as an apartment with 1 bedroom and 1 bath. The main building (705 Maine Ave) is a 3 bedroom 1 bath home. This property offers so much potential!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James PepinSprague & Curtis Real EstateMore Info
207-623-1123

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

James PepinSprague & Curtis Real EstateMore Info
207-623-1123

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