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167 Summer Street

Auburn

$495,000

beds   ·   5 baths   ·   3,266 sqft   ·   0.25 acres   ·   taxes: $5,189   ·   MLS#: 1682968

Investment opportunity! Fully occupied four-unit in a convenient Auburn location, featuring a strong, long-term rental history. All apartments are occupied by established tenants with great payment histories and a desire to stay long term. The property currently generates $5,450 per month and $65,400 in annual gross rental income. Units 1 and 4 are below market rent due to long-term tenancies, while Unit 3 is also slightly below market, creating additional rental income opportunity. Each unit has its own electric meter and hot-water tank, with all hot-water tanks recently replaced. A coin-op washer and dryer serve the majority of the building, while Unit 4 has private washer/dryer hookups. Two separate driveways and parking areas provide ample dedicated off-street parking. The attached barn/garage provides substantial additional storage, workshop space, or potential for future renovation into additional living space, subject to town approval. 34 Oak Street, Augusta and 167 Summer Street, Auburn may also be purchased together as a package, with favorable package pricing available. Inquire for details.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1920
  • Style : New Englander, Other
  • Flooring : Carpet, Laminate, Tile, Wood
  • Garage Spaces : 1.00
  • Roof : Shingle
  • Basement : Interior Entry, Dirt Floor, Full, Unfinished
  • Heating : Gas Natural, Forced Air
  • Cooling : None

Site

  • Water Body Type : Nearby
  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Rural Residential
  • Other Structures : Barn(s)
Listing provided by Maine Source 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 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