530 Main Street, Biddeford, ME 04005
$1,500,000
Property Type:
Multi-Family
Baths:
8
Square Footage:
7,034
Lot Size (sq. ft.):
34,848
Status:
Closed
Current Price:
$1,500,000
List Date:
1/03/2022
Last Modified:
1/10/2025
Description
TURN-KEY (meticulously maintained) building - eight-unit investment opportunity for qualified professionals! Built by the sellers in 1982, this property has been consistently updated and cared for with pride and passion, for the last 40 years! All units (Townhouses) tastefully feature two floors; two-bedrooms; spacious rooms; washer/dryer hookup; new flooring in most units; private patio overlooking the Saco River. The building features a new roof; is well insulated and energy-efficient; new egress windows on the backside; off-street parking; storage space; long-term, professional tenants (T.A.W.); old and quiet neighborhood. The pictures represent three units only – all units are identical in design and equal in condition! The rents are below market value and all units are Tenants at Will. In town location is within walking distance to the high school and close to the revitalized and thriving downtown with all its amenities (restaurants, bars, brew-pubs, Amtrak, Turnpike and shopping centers); only a few miles to access four public beaches and U.N.E.'s main campus. Don't miss this rare opportunity to acquire one of the nicest and best-kept buildings in Biddeford! Check Docs for Income/Expense sheet.
Supplements: ********
More Information MLS# 1517297
Location Information
Book: 06315
Leased Land: No
Page: 0323
Map: 36
Block: 11
Lot: 000
Zoning Overlay: No
Association: No
Street #: 530
Street Name: Main
Street Type: Street
County: York
Town: Biddeford
State/Province: ME
Zip Code: 04005
Zip +4: 2196
Zoning: R1B
Full Tax Amount $: 8786
Tax Year: 2020
Geo Lat: 43.497462
Geo Lon: -70.472744
Property Information
Surveyed: Yes
Seasonal: No
Owner Occupied: No
Number of Units: 8
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Lot Size Acres +/-: 0.8
Total Baths: 8
Total Half Baths: 0
Color: Tan/Red
Road Frontage: No
SqFt Finished Above Grade: 7034
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Other Source of Square Footage: Units are 864 sqft
Garage: No
Garage Spaces: 0
Total Full Baths: 8
Year Built: 1982
SqFt Finished Total: 7034
Source of Acreage: Public Records
Site
Level: 1
Sidewalks: 1
Location
Intown: 1
Near Public Beach: 1
Near Town: 1
Near Turnpike/Interstate: 1
Neighborhood: 1
Roads
Paved: 1
Public: 1
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Saco River
Water Body Type
River: 1
Stream: 1
Recreational Water
Nearby: 1
Style
Other: 1
Construction
Wood Frame: 1
Structure Type
Townhouse: 1
Levels
Multi-Level: 1
Basement
Full: 1
Unfinished: 1
View
Trees/Woods: 1
Foundation Materials
Poured Concrete: 1
Exterior
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Hot Water: 1
Energy Efficiency
Ceiling Fans: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 84120
Operating Expenses: 21354
Cooling
None: 1
Floors
Carpet: 1
Laminate: 1
Tile: 1
Units
# of 2 BD Units: 8
Parking
11 - 20 Spaces: 1
Off Street: 1
On Site: 1
Paved: 1
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: 1
# of Rooms: 5
# 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
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: 1
# of Rooms: 5
# 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: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 835
# Full Baths: 1
# of Rooms: 5
# 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
Gas
No Gas: 1
Unit 4
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 5
# 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
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: Basement
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 5
# 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
Water
Public: 1
Unit 6
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 300
# Full Baths: 1
# of Rooms: 5
# 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
Unit 7
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 875
# Full Baths: 1
# of Rooms: 5
# 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
Unit 8
Lease: No
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: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Driveway
Paved: 1
Sold Info
Appraiser Email Address: larry@theappraisalcompany.us
Basement Entry
Doghouse: 1
Water Heater
Oil: 1
Window Features
Low-Emissivity Windows: 1
Amenities
Bathtub: 1
Fence: 1
Laundry - 2nd Floor: 1
Laundry - Hookup: 1
Shower: 1
Storage: 1
Patio and Porch Features
Patio: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Closed
Original List Price: 1500000
Sold Price: $1,500,000
Current Price: $1,500,000
Status Change Info
Pending Date: 2022-01-09
Closed Date: 2022-03-31
Closed Price: 1500000
Property Features
Site: Level; Sidewalks
Location: Intown; Near Public Beach; Near Town; Near Turnpike/Interstate; Neighborhood
Roads: Paved; Public
Water Body Type: River; Stream
Recreational Water: Nearby
View: Trees/Woods
Style: Other
Structure Type: Townhouse
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Doghouse
Foundation Materials: Poured Concrete
Exterior: Vinyl Siding
Roof: Shingle
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Oil
Cooling: None
Floors: Carpet; Laminate; Tile
Window Features: Low-Emissivity Windows
Amenities: Bathtub; Fence; Laundry - 2nd Floor; Laundry - Hookup; Shower; Storage
Patio and Porch Features: Patio
Energy Efficiency: Ceiling Fans
Driveway: Paved
Parking: 11 - 20 Spaces; Off Street; On Site; Paved
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Listing Office:
Realty Sales Inc
IDX
Last Updated: January - 10 - 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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