6-25 Ledge Way, Ellsworth, ME 04605 (MLS# 1480412)

6-25 Ledge Way, Ellsworth, ME 04605

$2,650,000

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1480412

Property Type: Multi-Family Baths: 20 Square Footage: 23,172 Lot Size (sq. ft.): 272,250 Status: Closed

Current Price: $2,650,000 List Date: 1/22/2021 Last Modified: 1/06/2025

Overview

Description

Investors take notice! Quality apartment complex very well taken care of and in high demand. The 22 two bedroom yearround rentals create a strong cash flow with a very high occupancy rate. There is even a wait list to get into one of these units and an office on site for the new owner or property manager to work out of. Multiple wells, multiple septic systems and new updates to furnaces, water heaters, etc. Lots of paved parking and most units come with either a basement or exterior storage area. Come see the excellent turnkey investment.

Listing Details MLS# 1480412

Location Information

Street #: 6-25
Street Name: Ledge Way
County: Hancock
Town: Ellsworth
State/Province: ME
Zip Code: 04605
Leased Land: No
Book: 4685
Page: Yes
Map: 66
Lot: 19
Zoning: RES
Zoning Overlay: No
Association: No
Full Tax Amount $: 30107
Tax Year: 2020

Contract Information

Original List Price: 2750000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: Partial
Number of Units: 22
Total Baths: 20
Total Full Baths: 20
Year Built: 2001
SqFt Finished Above Grade: 20672
SqFt Finished Below Grade: 2500
SqFt Finished Total: 23172
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 6.25
Source of Acreage: Public Records
Total Half Baths: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2021-07-09
Closed Date: 2021-09-10
Closed Price: 2650000

Water Info

Water Frontage: No
Water View: No

Units

# of 2 BD Units: 22

More Information

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full 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: 1200
# Full 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: 1200
# Full 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: Second
Security Deposit: Yes
Monthly Rent: 1200
# Full 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: Second
Security Deposit: Yes
Monthly Rent: 1200
# Full 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: Second
Security Deposit: Yes
Monthly Rent: 1200
# Full 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 7

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full 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 8

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full 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 9

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 10

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 11

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 12

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 13

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 14

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 15

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full 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 16

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full 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 17

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full 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 18

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full 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 19

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full 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 20

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full 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

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: amorrison@modernvaluationsolutions.com

Site

Open: Yes
Rolling/Sloping: Yes
Wooded: Yes

Location

Rural: Yes

Roads

Paved: Yes
Private Road: Yes

Style

Colonial: Yes

Construction

Wood Frame: Yes

Basement

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

View

Trees/Woods: Yes

Exterior

Vinyl Siding: Yes

Roof

Composition: Yes

Heat System

Baseboard: Yes
Hot Air: Yes
Hot Water: Yes

Heat Fuel

Gas Bottled: Yes

Income & Expenses

Gross Income: 288600
Operating Expenses: 70593

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Tile: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Private Sewer: Yes
Quasi-Public: Yes
Septic Design Available: Yes
Septic Tank: Yes

Water

Well: Yes

Driveway

Common: Yes
Paved: Yes

Basement Entry

Interior: Yes

Water Heater

Electric: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Open; Rolling/Sloping; Wooded Location: Rural Roads: Paved; Private Road View: Trees/Woods Style: Colonial Construction: Wood Frame Basement: Finished; Full; Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Vinyl Siding Roof: Composition Heat System: Baseboard; Hot Air; Hot Water Heat Fuel: Gas Bottled Water Heater: Electric Cooling: None Floors: Carpet; Laminate; Tile Driveway: Common; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer; Quasi-Public; Septic Design Available; Septic Tank Water: Well

Documents

IDX

Listing Office: Better Homes & Gardens Real Estate/The Masiello Group

Selling Office: Better Homes & Gardens Real Estate/The Masiello Group

Last Updated: January - 06 - 2025

Broker Attribution: joshshelton@masiello.com

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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.