$999,000
MLS#: 1636230
- Type: Multi-family
- Lot Size: 11.81 Acres
- Year Built: 1965
- Square Feet: 5,461
Property Details
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 setting—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 appliances—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 7.55%, a decent return relative to the property's price. Also listed MLS 1642127
Property Listed by: Maine Real Estate Experts
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
5461
Land Features
Electric:
Circuit Breakers
Road Frontage:
Private Road
Road Surface Type:
Gravel
Sewer:
Private Sewer, Septic Tank
Water Body:
Cobbosseecontee
Map (approximate)
