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

Overview

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.

Listing Details MLS# 1522199

Location Information

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

Contract Information

Original List Price
1800000

Property Information

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

Status Change Info

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

Water Info

Water Frontage
No
Water View
No

Building Info

# Stories
2

More Information

Units

# of 1 BD Units
Yes
# of 2 BD Units
6

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# 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 2

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# 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 3

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# 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 4

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# 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
Water
Yes
Sewer
Yes

Unit 5

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1200
# Full Baths
Yes
# 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 6

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# 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
Yes
# of Rooms
4
# of Bedrooms
Yes
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

Site

Other Site
Yes
Rolling/Sloping
Yes
Wooded
Yes

Location

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

Roads

Paved
Yes
Public
Yes

Transportation

Near Airport
Yes

Style

Other
Yes

Construction

Masonry
Yes
Wood Frame
Yes

Levels

Multi-Level
Yes

Basement

None
Yes
Slab
Yes

View

Trees/Woods
Yes

Exterior

Brick Veneer
Yes
Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes

Heat Fuel

Electric
Yes

Income & Expenses

Gross Income
111600
Operating Expenses
17170

Cooling

None
Yes

Floors

Carpet
Yes
Other
Yes

Parking

11 - 20 Spaces
Yes
On Site
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Public Sewer
Yes

Water

Private
Yes
Well
Yes

Driveway

Common
Yes
Paved
Yes

Basement Entry

Not Applicable
Yes

Water Heater

Electric
Yes

Vehicle Storage

No Vehicle Storage
Yes

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
IDX
Listing Office: StartPoint Realty
Selling Office: Anne Erwin Sotheby's International Realty
Last Updated: January - 11 - 2025
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