4 Commonwealth Drive, Augusta, ME 04330

$1,354,566.91
Property Type: Multi-Family Baths: 8 Square Footage: 13,429 Lot Size (sq. ft.): 168,577 Status: Closed
Current Price: $1,354,566.91 List Date: 10/17/2024 Last Modified: 1/09/2025

Description

Built in 2008, this majestic and expansive eight-unit complex is located in a prime location and comes with all of the perks- elevator, intercom, security locks, 8 ft. wide ceramic tile hallways and stairways, separate utilities, indoor mailboxes, security lighting, sprinkler system and an ample, paved parking area. All utilities are in one location with outdoor access. Plus, this property includes a previously approved twelve-unit expansion. Land area is 3.872 acres. Each unit has two bedrooms, one bath, W/D connections, a fully applianced kitchen with an expansive living area, including a dining area, and plenty of storage. All units are heated with Rinnai propane heaters. Flooring is vinyl and carpeting. Units average about 1300sf. Building history- The building was built in 2008 by a local builder and was approved as a condominium project, including an additional 12-unit building located at the rear of the property. Per current seller, the builder rented the units, due to a bad selling market, and did not construct the extra 12-unit building. Current seller purchased the building in 2019 and continued to rent the units.

Supplements: ********

More Information MLS# 1607132

Location Information

Book: 12954 Leased Land: No Page: 288 Map: 47 Lot: 0 Zoning Overlay: Unknown Association: No Street #: 4 Street Name: Commonwealth Street Type: Drive County: Kennebec Town: Augusta State/Province: ME Zip Code: 04330 Zoning: 12954 Full Tax Amount $: 15216 Tax Year: 2023 Geo Lat: 44.326167 Geo Lon: -69.751835

Property Information

Surveyed: Yes Seasonal: No Number of Units: 8 Deed/Conveyance Type Offered: Warranty Deed Restrictions: Unknown Lot Size Acres +/-: 3.87 Total Baths: 8 Total Half Baths: 0 SqFt Finished Above Grade: 13429 SqFt Finished Below Grade: 0 SqFt Source: Seller Garage: No Garage Spaces: 0 Total Full Baths: 8 Year Built: 2007 SqFt Finished Total: 13429 Source of Acreage: Seller

Site

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

Location

Near Town: 1 Suburban: 1

Roads

Private Road: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Slab: 1

Foundation Materials

Poured Concrete: 1 Slab: 1

Exterior

Vinyl Siding: 1

Roof

Pitched: 1 Shingle: 1

Heat System

Baseboard: 1 Direct Vent Furnace: 1 Direct Vent Heater: 1 Radiant: 1

Heat Fuel

Propane: 1

Income & Expenses

Gross Income: 121500 Operating Expenses: 32000

Cooling

None: 1

Floors

Carpet: 1 Tile: 1 Vinyl: 1

Units

# of 2 BD Units: 8

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: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Electric

Circuit Breakers: 1 Other Electric: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Utilities

Utilities On: No

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Gas

Bottled: 1

Unit 4

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Unit 7

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Unit 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Driveway

Common: 1 Paved: 1

Basement Entry

Not Applicable: 1

Water Heater

Electric: 1

Amenities

Elevator Passenger: 1 Fence: 1 Laundry - Hookup: 1

Vehicle Storage

Other Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1400000 Sold Price: $1,354,566.91 Current Price: $1,354,566.91

Status Change Info

Pending Date: 2024-10-22 Closed Date: 2025-01-09 Closed Price: 1354566.91

Property Features

Site: Rolling/Sloping; Sidewalks; Well Landscaped; Wooded Location: Near Town; Suburban Roads: Private Road; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Slab Basement Entry: Not Applicable Foundation Materials: Poured Concrete; Slab Exterior: Vinyl Siding Roof: Pitched; Shingle Heat System: Baseboard; Direct Vent Furnace; Direct Vent Heater; Radiant Heat Fuel: Propane Water Heater: Electric Cooling: None Floors: Carpet; Tile; Vinyl Amenities: Elevator Passenger; Fence; Laundry - Hookup Driveway: Common; Paved Parking: 11 - 20 Spaces; On Site; Paved Vehicle Storage: Other Vehicle Storage Electric: Circuit Breakers; Other Electric Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Sell Your Home Services
IDX
Last Updated: January - 09 - 2025
Broker Attribution: 888-219-3009

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