57-59 Deer Brook Apt Road, North Yarmouth, ME 04097

$1,400,000

This great multi-unit opportunity is nestled privately in the trees

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1508994

The first building is bordered with beautiful trees

The back of the building features private decks and yards

The other two buildings bordering the woods

These unit feature elevated back porches

These porches feature beautiful views into the woods

The drive to the private apartment buildings

493 Gray Rd which has approval for 3 more duplexes to rent

Land is across the driveway/road for development or 3 more duplex units.

Property Type: Multi-Family Baths: 18 Square Footage: 9,576 Lot Size (sq. ft.): 2,212,848 Status: Closed

Current Price: $1,400,000 List Date: 9/15/2021 Last Modified: 1/09/2025

Overview

Description

Good cash flow investment -let the existing 6 units with great rental history help pay to complete the abutting property with town approval for 3 more duplex rentals. All within a short commute to turnpike. Approval in place or start new with your ideas and plans on this large parcel tucked away yet in a convenient location to all amenities.

Listing Details MLS# 1508994

Location Information

Street #: 57-59
Street Name: Deer Brook Apt
Street Type: Road
County: Cumberland
Town: North Yarmouth
State/Province: ME
Zip Code: 04097
Leased Land: No
Book: 9313&28773
Page: 279&156,153,148
Map: 15
Lot: 27 &28
Zoning: Farm & Forest
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 14252.87
Tax Year: 2021

Contract Information

Original List Price: 1400000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: No
Deed: All
Number of Units: 6
Total Baths: 18
Total Full Baths: 12
Total Half Baths: 6
Year Built: 1990
SqFt Finished Above Grade: 9576
SqFt Finished Total: 9576
Garage: No
Lot Size Acres +/-: 50.8
Source of Acreage: Public Records
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2021-10-29
Closed Date: 2022-01-14
Closed Price: 1400000

Water Info

Water Frontage: Yes
Waterfront Amount: 1015
Water Frontage Owned: 1015
Water View: No
Water Body Name: Royal River
Water Frontage Shared: 0

Building Info

# Stories: 2
# Floors: 2
# Heating Units: 6

More Information

Units

# of 2 BD Units: 6

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# of Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1675
# Full Baths: 2
# Half Baths: Yes
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Level: Yes
Rolling/Sloping: Yes
Wooded: Yes

Location

Near Golf Course: Yes
Near Shopping: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes
Suburban: Yes

Roads

Dirt: Yes
Gravel: Yes
Private Road: Yes

Source of Water Frontage

Survey: Yes

Water Body Type

River: Yes

Recreational Water

River/Brook/Stream: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Structure Type

Townhouse: Yes

Basement

Full: Yes
Unfinished: Yes
Walk-Out Access: Yes

Foundation Materials

Poured Concrete: Yes

Exterior

Clapboard: Yes

Roof

Metal: Yes

Heat System

Direct Vent Heater: Yes

Heat Fuel

Propane: Yes

Income & Expenses

Gross Income: 120600
Operating Expenses: 53450

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes

Parking

11 - 20 Spaces: Yes
On Site: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Private Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes

Basement Entry

Bulkhead: Yes

Water Heater

Electric: Yes

Equipment

Cable: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Rolling/Sloping; Wooded Location: Near Golf Course; Near Shopping; Near Town; Near Turnpike/Interstate; Suburban Roads: Dirt; Gravel; Private Road Source of Water Frontage: Survey Water Body Type: River Recreational Water: River/Brook/Stream Style: Other Structure Type: Townhouse Construction: Wood Frame Basement: Full; Unfinished; Walk-Out Access Basement Entry: Bulkhead Foundation Materials: Poured Concrete Exterior: Clapboard Roof: Metal Heat System: Direct Vent Heater Heat Fuel: Propane Water Heater: Electric Cooling: None Floors: Carpet; Laminate Equipment: Cable Driveway: Common Parking: 11 - 20 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer Water: Public

Documents

Deed Member ›

HHE for new build ›

HHE for new build1 ›

Approval Letter for 493 Gray Rd ›

Design for new build ›

Property Disclosure Member ›

Listing Office: Keller Williams Realty

IDX

Last Updated: January - 09 - 2025

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