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91 Bradley Street

Saco

$1,550,000

beds   ·   6 baths   ·   6,321 sqft   ·   0.79 acres   ·   taxes: $15,563   ·   MLS#: 1669203

Rare opportunity to acquire a well-maintained, stabilized six-unit multifamily investment in one of Saco's most desirable rental markets. This fully occupied property offers a 7.40% in-place cap rate, $114,680 NOI, and long-term tenants providing immediate, reliable cash flow. Family-owned since 1970, this low-maintenance asset has been extensively updated with significant capital improvements, including updated electrical and plumbing, newer insulation, energy-efficient windows, spray-foamed basement areas, updated boiler, and renovated unit interiors. Each unit features modern kitchens with granite countertops, stainless steel appliances, in-unit laundry, solid wood doors, and LED/recessed lighting. The oversized lot provides parking for 13 vehicles, private or shared outdoor space for each unit, owner-accessed garage and storage, a timber-framed trash shed, and a large backyard. A 2021 property survey and anticipated July 2027 zoning revisions may provide future expansion potential, subject to municipal approvals. Conveniently located near downtown Saco, Portland, beaches, the Maine Turnpike, Amtrak, UNE, and USM, this is a rare opportunity to acquire a strong-performing multifamily asset with immediate income, minimal deferred maintenance, and long-term upside potential. Seller just had front portion of the building's roof redone, so all three sections of the roof have been updated over the course of ownership.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1892
  • Style : Farmhouse, Other
  • Flooring : Laminate, Vinyl, Wood
  • Roof : Shingle
  • Basement : Bulkhead, Unfinished
  • Heating : Oil, Propane, Baseboard, Forced Air
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Med Den Residential
  • Other Structures : Shed(s)
  • Road Surface Type : Paved
Listing provided by Meservier & Associates

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