25 Route 236 Route, Kittery, ME 03904

$1,800,000
Property Type: Multi-Family Baths: 7 Square Footage: 7,056 Lot Size (sq. ft.): 76,230 Status: Closed
Current Price: $1,800,000 List Date: 3/21/2022 Last Modified: 1/11/2025

Description

Attention Investors - Introducing Chickering Creek Apartments. A 7 unit townhouse style building on 1.75 acres, fully leased with long term tenants and yearly NOI of $96K! ALSO includes #17 Route 236, a separate adjacent 1.5 acre lot zoned C-2 waiting to be developed! Terrific opportunity to add to or start an investment portfolio in one of New England's fastest growing and most desirable real estate markets; Southern Maine! This well cared for building recently converted to public sewer with newer roof and many updates. Well water and all tenant paid utilities (elec. heat) make this a low maintenance, lucrative investment. Close to Rte. 95 and less than 15 mins to downtown Portsmouth, NH. Outstanding opportunity to invest in Kittery Maine.

Supplements: ********

More Information MLS# 1522199

Location Information

Book: 17161 Leased Land: No Page: 945-946 Map: 20 Lot: 12 Zoning Overlay: Unknown Association: No Street #: 25 Street Name: Route 236 Street Type: Route County: York Town: Kittery State/Province: ME Zip Code: 03904 Zip +4: 2501 Zoning: C-2 Full Tax Amount $: 7218 Tax Year: 2021 Geo Lat: 43.109163 Geo Lon: -70.7507

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 7 Deed/Conveyance Type Offered: Quit Claim Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 1.75 Total Baths: 7 Total Half Baths: 0 Color: White Road Frontage: Yes Road Frontage +/-: 62 Source of Road Frontage: Public Records SqFt Finished Above Grade: 7056 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 7 Year Built: 1970 SqFt Finished Total: 7056 Source of Acreage: Public Records

Site

Other Site: 1 Rolling/Sloping: 1 Wooded: 1

Location

Intown: 1 Near Golf Course: 1 Near Public Beach: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1 Suburban: 1

Roads

Paved: 1 Public: 1

Transportation

Near Airport: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Masonry: 1 Wood Frame: 1

Levels

Multi-Level: 1

Basement

None: 1 Slab: 1

View

Trees/Woods: 1

Exterior

Brick Veneer: 1 Vinyl Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1

Building Info

# Stories: 2

Heat Fuel

Electric: 1

Income & Expenses

Gross Income: 111600 Operating Expenses: 17170

Cooling

None: 1

Floors

Carpet: 1 Other: 1

Units

# of 1 BD Units: 1 # of 2 BD Units: 6

Parking

11 - 20 Spaces: 1 On Site: 1 Paved: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

No Gas: 1

Unit 4

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Private: 1 Well: 1

Unit 6

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Common: 1 Paved: 1

Basement Entry

Not Applicable: 1

Water Heater

Electric: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1800000 Sold Price: $1,800,000 Current Price: $1,800,000

Status Change Info

Pending Date: 2022-03-28 Closed Date: 2022-05-18 Closed Price: 1800000

Property Features

Site: Other Site; Rolling/Sloping; Wooded Location: Intown; Near Golf Course; Near Public Beach; Near Shopping; Near Town; Near Turnpike/Interstate; Suburban Roads: Paved; Public Transportation: Near Airport View: Trees/Woods Style: Other Levels: Multi-Level Construction: Masonry; Wood Frame Basement: None; Slab Basement Entry: Not Applicable Exterior: Brick Veneer; Vinyl Siding Roof: Shingle Heat System: Baseboard Water Heater: Electric Cooling: None Floors: Carpet; Other Driveway: Common; Paved Parking: 11 - 20 Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Private; Well
Listing Office: StartPoint Realty
IDX
Last Updated: January - 11 - 2025
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