138 Varney Mill Road, Windham, ME 04062

$1,425,000
Property Type: Multi-Family Baths: 8 Square Footage: 7,900 Lot Size (sq. ft.): 118,483 Status: Closed
Current Price: $1,425,000 List Date: 4/16/2021 Last Modified: 1/07/2025

Overview

Description

Rare fully occupied 8 unit in a great Windham location with excellent cash flow. There are (3) three-bedroom units and (5) two-bedroom units. The property sits on 2.72 acres in pleasant residential neighborhood with plenty of yard space and parking spaces. Onsite coin operated laundry facility, separately metered electric which tenants pay beyond their rent, two shared furnaces installed in 2011 and 2015 (included in the rental rates), new roof in 2016, public water and large private septic system. This is selling at an 8.9% cap rate, call for more information! Showings to be scheduled during 3 blocks of time, Sunday 4/18 1-3pm, Monday 4/19 3-5pm or Tuesday 4/20 11am-1pm.

Listing Details MLS# 1488003

Location Information

Street #
138
Street Name
Varney Mill
Street Type
Road
County
Cumberland
Town
Windham
State/Province
ME
Zip Code
04062
Zip +4
5086
Leased Land
No
Book
34078
Page
277
Map
15D
Block
17
Lot
A01-2
Zoning
Res
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
11727
Tax Year
2020

Contract Information

Original List Price
1349900

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
2 Detached Houses on 1 Lot
Yes
Number of Units
8
Total Baths
8
Total Full Baths
8
Color
Grey
Year Built
2000
SqFt Finished Above Grade
7900
SqFt Finished Total
7900
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
2.72
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Status Change Info

Pending Date
2021-04-22
Closed Date
2021-05-07
Closed Price
1425000

Water Info

Water Frontage
No
Water View
No

Building Info

# Stories
Yes
# Floors
Yes
# Heating Units
2

More Information

Units

# of 2 BD Units
5
# of 3 BD Units
3

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 6

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 7

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 8

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Site

Level
Yes
Open
Yes

Location

Near Shopping
Yes
Near Town
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Recreational Water

Nearby
Yes

Style

Ranch
Yes

Construction

Wood Frame
Yes

Basement

Slab
Yes

View

Trees/Woods
Yes

Foundation Materials

Poured Concrete
Yes

Exterior

Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Forced Air
Yes
Hot Water
Yes
Zoned
Yes

Heat Fuel

Oil
Yes

Income & Expenses

Gross Income
161340
Operating Expenses
41199

Cooling

None
Yes

Floors

Carpet
Yes
Vinyl
Yes

Parking

11 - 20 Spaces
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Private Sewer
Yes
Septic Tank
Yes

Water

Public
Yes

Driveway

Common
Yes
Paved
Yes

Restrictions

No Restrictions
Yes

Basement Entry

Not Applicable
Yes

Water Heater

Off Heating System
Yes

Amenities

1st Floor Bedroom
Yes
Laundry - Coin
Yes
One-Floor Living
Yes
Sprinkler
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open Location: Near Shopping; Near Town; Neighborhood Roads: Paved; Public Recreational Water: Nearby View: Trees/Woods Style: Ranch Construction: Wood Frame Basement: Slab Basement Entry: Not Applicable Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Forced Air; Hot Water; Zoned Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Carpet; Vinyl Amenities: 1st Floor Bedroom; Laundry - Coin; One-Floor Living; Sprinkler Driveway: Common; Paved Parking: 11 - 20 Spaces Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: No Gas Sewer: Private Sewer; Septic Tank Water: Public

Documents

Listing Office: Landmark Realty
IDX
Last Updated: January - 07 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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