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10 Pearl Street

Auburn

$439,000

beds   ·   3 baths   ·   2,714 sqft   ·   0.09 acres   ·   taxes: $5,365   ·   MLS#: 1670375

OPEN HOUSE SUNDAY July 26th 12:30-1:30pm !! This fully occupied three-unit investment property is generating $46080 in annual gross rental income. The building has been beautifully maintained inside and out and features natural gas heat, a regularly serviced furnace in good condition, and a brand-new hot water tank, helping keep operating costs efficient. Inside, you'll find a well-cared-for property with reliable long-term tenants already in place on a month-month, making this a turnkey opportunity for investors. Conveniently located in one of Auburn's desirable rental markets, the property benefits from strong tenant demand driven by a growing population of young professionals, proximity to two major colleges, a regional hospital, shopping, dining, and outdoor recreation including Lake Auburn and numerous nearby hiking trails. Laundry hookups on each level for added convenience. Whether you're looking to expand your investment portfolio or house hack and purchase your first income-producing property, at a 7% cap rate 10 Pearl Street offers strong income potential in a high-demand location. Don't miss your opportunity--this one won't last long!

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1920
  • Style : Other
  • Flooring : Other
  • Roof : Shingle
  • Basement : Interior Entry, Full, Unfinished
  • Heating : Gas Natural, Baseboard, Hot Water
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Urban
Listing provided by EXP Realty

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 participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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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