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15 South Street

Freeport

$1,195,000

beds   ·   4 baths   ·   3,900 sqft   ·   0.25 acres   ·   taxes: $9,264   ·   MLS#: 1661934

SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1950
  • Style : Contemporary
  • Flooring : Vinyl, Hardwood, Luxury Vinyl
  • Roof : Flat
  • Basement : Not Applicable, None
  • Heating : Gas Natural, Hot Water
  • Cooling : Window Unit(s)

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Multifamily
  • Road Surface Type : Paved
Listing provided by RE/MAX Shoreline

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