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
Listing Office: Realty Sales Inc
IDX
Last Updated: January - 10 - 2025
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