292-274 Court Street, Auburn, ME 04210

$2,200,000
Property Type: Multi-Family Baths: 20 Square Footage: 6,234 Lot Size (sq. ft.): 44,867 Status: Closed
Current Price: $2,200,000 List Date: 7/19/2022 Last Modified: 1/11/2025

Description

Second chances do exist!! Back on the market due to buyer financing issues. Looking to complete your rental portfolio with one swoop? This rare turn-key investment package is one like you won't see for many years to come. Located in the heart of Auburn on Court Street (foot of Goff Hill), this large campus consists of two abutting properties with a total of 30-Units, several of them being new construction. Property also conveys with a large commercial size garage that has potential for an additional unit above, and one detached single car garage also on site. Ample parking, well-kept landscaping, etc. This property has been meticulously maintained and is fully occupied with great, long-term tenants. 292 Court has 5 new construction units and is completely up to modern code with fire alarms, sprinkler system, etc. 292 offers a total of 13 units (5) 1BR, (3) 2BR, (2) two room efficiencies, and (3) one room efficiencies. 274 Court has a total of 17-units (16) two room efficiencies, and (1) two bedrooms apartment. Do not miss this incredible opportunity to own prime real estate in a great Auburn neighborhood. Property has two buildings with a total of 30 units and 30 full baths. 24-Hour notice required for all showings.

Supplements: ********

More Information MLS# 1528327

Location Information

Book: 10079 Leased Land: No Page: 333 Map: 240 Lot: 284 Zoning Overlay: No Association: No Street #: 292-274 Street Name: Court Street Type: Street County: Androscoggin Town: Auburn State/Province: ME Zip Code: 04210 Zip +4: 5071 Zoning: T-4-2 Full Tax Amount $: 6496 Tax Year: 2021 Geo Lat: 44.097653 Geo Lon: -70.233444

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 30 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: Yes Lot Size Acres +/-: 1.03 Total Baths: 20 Total Half Baths: 0 Road Frontage: Yes Road Frontage +/-: 224 Source of Road Frontage: Public Records SqFt Finished Above Grade: 6234 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 3 Total Full Baths: 20 Year Built: 1900 SqFt Finished Total: 6234 Source of Acreage: Public Records

Site

Open: 1 Rolling/Sloping: 1 Sidewalks: 1 Well Landscaped: 1

Location

Intown: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1 Public Transport Access: 1

Water Info

Water Frontage: No Water View: No Island: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Brick/Mortar: 1 Full: 1

Foundation Materials

Block: 1 Brick/Mortar: 1 Poured Concrete: 1

Exterior

Vinyl Siding: 1 Wood Siding: 1

Roof

Flat: 1 Membrane: 1

Heat System

Baseboard: 1 Hot Water: 1 Zoned: 1

Building Info

# Stories: 3 # Floors: 3 # Heating Units: 1 # Water Heaters: 1

Heat Fuel

Gas Natural: 1 Oil: 1

Income & Expenses

Gross Income: 275976 Operating Expenses: 53691.82

Cooling

None: 1

Floors

Carpet: 1 Laminate: 1 Tile: 1 Vinyl: 1 Wood: 1

Accessibilitiy Amenities

32 - 36 Inch Doors: 1

Units

# of 1 BD Units: 27 # of 2 BD Units: 3

Parking

21+ Spaces: 1 Off Street: 1 Paved: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 850 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 925 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: First Security Deposit: Yes Monthly Rent: 873 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - At Street: 1

Unit 4

Lease: No Level: First Security Deposit: Yes Monthly Rent: 725 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: First Security Deposit: Yes Monthly Rent: 850 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 700 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No 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: Second Security Deposit: Yes Monthly Rent: 925 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No 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: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 675 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Second Security Deposit: No Monthly Rent: 700 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 850 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 700 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 14

Lease: No Level: Third Security Deposit: No Monthly Rent: 725 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: No

Unit 15

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 16

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 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 17

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 750 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: No

Unit 18

Lease: No Level: First Security Deposit: Yes Monthly Rent: 650 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Paved: 1

Unit 19

Lease: No Level: First Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sold Info

Appraiser Email Address: Craig.segien@cushwake.com

Unit 20

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Basement Entry

Doghouse: 1 Interior: 1

Water Heater

Electric: 1 Off Heating System: 1

Window Features

Double Pane Windows: 1 Low-Emissivity Windows: 1

Amenities

Bathtub: 1 Laundry - 1st Floor: 1 Laundry - Coin: 1

Equipment

Internet Access Available: 1

Vehicle Storage

4+ Car: 1 Detached: 1 Storage Above: 1

Contract Information

Status: Closed Original List Price: 2400000 Sold Price: $2,200,000 Current Price: $2,200,000

Status Change Info

Pending Date: 2022-07-24 Closed Date: 2022-09-13 Closed Price: 2200000

Property Features

Site: Open; Rolling/Sloping; Sidewalks; Well Landscaped Location: Intown; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Full Basement Entry: Doghouse; Interior Foundation Materials: Block; Brick/Mortar; Poured Concrete Exterior: Vinyl Siding; Wood Siding Roof: Flat; Membrane Heat System: Baseboard; Hot Water; Zoned Heat Fuel: Gas Natural; Oil Water Heater: Electric; Off Heating System Cooling: None Floors: Carpet; Laminate; Tile; Vinyl; Wood Window Features: Double Pane Windows; Low-Emissivity Windows Amenities: Bathtub; Laundry - 1st Floor; Laundry - Coin Equipment: Internet Access Available Driveway: Paved Parking: 21+ Spaces; Off Street; Paved Vehicle Storage: 4+ Car; Detached; Storage Above Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Legacy Realty
IDX
Last Updated: January - 11 - 2025
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