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102 Manning Drive

West Gardiner

$999,000

beds   ·   baths   ·   5,461 sqft   ·   11.81 acres   ·   taxes: $6,062   ·   MLS#: 1642127

Whether you're expanding your portfolio or seeking a legacy property with waterfront appeal, this is a unique chance to own a multi-unit gem in a serene, natural settingâ€''just minutes from I-295 and downtown Gardiner. Nestled at the end of a quiet, private road, this rare 6-unit ranch-style complex offers 1121 feet of stunning waterfront on Cobbosseecontee Stream and sits on 11.81± acres of beautifully landscaped, wooded land. Each single-level entry unit has been thoughtfully built over the past 50 years and 4 units have recently in the past year have been remodeled and includes its own new washer/dryer and new stainless steel appliancesâ€''ideal for long-term tenants and low-maintenance management. Enjoy consistent rental income with strong tenant history. The property includes a detached 2-car garage, ample parking, studio shed at waters edge and is part of a road association with low annual fees. This is a solid mid-range cap rate 9.44%, a decent return relative to the property's price. Also listed Muli-Family MLS 1636230

MORE DETAILS

Structure

  • Electric : On Site, Generator Hookup, Circuit Breakers
  • Year Built : 1965
  • Roof : Pitched, Shingle
  • Heating : Hot Water, Baseboard
  • Cooling : None

Site

  • Water Frontage : Yes
  • Water Source : Well, Private
  • Sewer : Septic Tank, Private Sewer, Septic Design Available
  • Zoning : RC
  • Other Structures : Outbuilding
  • Association Fee : 750.00
  • Fee Frequency Paid : Annually
Listing provided by Maine Real Estate Experts
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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy