71 Water Street, Hallowell, ME 04347

$3,100,000

Property Type: Multi-Family Baths: 33 Square Footage: 32,282 Lot Size (sq. ft.): 395,960 Status: Closed

Current Price: $3,100,000 List Date: 3/01/2024 Last Modified: 1/17/2025

Overview

Description

Rare investment opportunity, 51 units on 5 properties. Conveniently located at 58 Winthrop Street in Augusta, 61 and 71 Water Street in Hallowell and Carr Lane and 44 Sheldon Street in Farmingdale. All properties have off street parking and coin operated laundry for tenants. All tenants have at will agreements and security deposits and pay their own electric. A great way to start or add to your portfolio!

Listing Details MLS# 1580586

Location Information

Street #: 71
Street Name: Water
Street Type: Street
County: Kennebec
Town: Hallowell
State/Province: ME
Zip Code: 04347
Leased Land: No
Book: 10444
Page: 321-323
Map: 5
Lot: 154, 155, 156
Zoning: Com/Res
Zoning Overlay: Yes
Association: No
Full Tax Amount $: 30000
Tax Year: 2023

Contract Information

Original List Price: 3500000

Property Information

Surveyed: No
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 51
Total Baths: 33
Total Full Baths: 32
Total Half Baths: Yes
Year Built: 1900
SqFt Finished Above Grade: 32282
SqFt Finished Total: 32282
SqFt Source: Appraiser
Garage: Yes
Garage Spaces: 2
Lot Size Acres +/-: 9.09
Source of Acreage: Appraiser
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2024-05-18
Closed Date: 2024-07-25
Closed Price: 3100000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Kennebec River

Building Info

# Fireplaces: 10
# Stories: 3
# Floors: 3
# Heating Units: 8
# Water Heaters: 12

More Information

Units

# of 1 BD Units: 31
# of 2 BD Units: 19
# of 3 BD Units: Yes

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: Yes
# of Rooms: 7
# 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 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: Yes
# Half Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
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 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1400
# Full Baths: Yes
# of Rooms: 4
# 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 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1400
# Full Baths: Yes
# 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
Water: Yes
Sewer: Yes

Unit 5

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: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: Yes
# 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: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: Yes
# 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: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 800
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
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 9

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
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 10

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 600
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
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 11

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1400
# Full Baths: 2
# 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 12

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: 2
# of Rooms: 6
# of Bedrooms: 3
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 13

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 500
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 14

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 780
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 15

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 600
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 16

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 650
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 17

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 700
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 18

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 19

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 725
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 20

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 700
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 21

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 650
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 22

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
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 23

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: Yes
# of Rooms: Yes
# of Bedrooms: Yes
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 24

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 750
# Full Baths: Yes
# of Rooms: 4
# 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 25

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 4
# 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 26

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 4
# 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 27

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: Yes
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 28

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: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 29

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 2
# 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 30

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: Yes
# of Rooms: 4
# 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

Sold Info

Appraiser Email Address: Mclane.Hill@cushwake.com

Site

Level: Yes
Open: Yes
Rolling/Sloping: Yes
Sidewalks: Yes
Wooded: Yes

Location

Intown: Yes
Near Shopping: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes

Water Body Type

River: Yes

Style

Colonial: Yes
New Englander: Yes
Other: Yes

Construction

Other: Yes
Wood Frame: Yes

Structure Type

Post & Beam: Yes

Levels

Multi-Level: Yes

Basement

Bulkhead: Yes
Sump Pump: Yes
Unfinished: Yes

Foundation Materials

Brick/Mortar: Yes
Granite: Yes
Poured Concrete: Yes

Exterior

Vinyl Siding: Yes
Wood Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes
Radiator: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes
Oil: Yes

Income & Expenses

Gross Income: 479000
Operating Expenses: 330000

Cooling

None: Yes
Wall/Window Unit(s): Yes

Floors

Laminate: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Parking

21+ Spaces: Yes
Off Street: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes
Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Paved: Yes
Reclaimed: Yes

Restrictions

No Dogs Allowed: Yes

Basement Entry

Bulkhead: Yes
Doghouse: Yes
Exterior Only: Yes

Water Heater

Electric: Yes

Amenities

Laundry - Coin: Yes

Vehicle Storage

Detached: Yes

Property Features

Site: Level; Open; Rolling/Sloping; Sidewalks; Wooded Location: Intown; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Transportation: Major Road Access Water Body Type: River Style: Colonial; New Englander; Other Structure Type: Post & Beam Levels: Multi-Level Construction: Other; Wood Frame Basement: Bulkhead; Sump Pump; Unfinished Basement Entry: Bulkhead; Doghouse; Exterior Only Foundation Materials: Brick/Mortar; Granite; Poured Concrete Exterior: Vinyl Siding; Wood Siding Roof: Shingle Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural; Oil Water Heater: Electric Cooling: None; Wall/Window Unit(s) Floors: Laminate; Tile; Vinyl; Wood Amenities: Laundry - Coin Driveway: Common; Paved; Reclaimed Parking: 21+ Spaces; Off Street; On Site; Paved Vehicle Storage: Detached Restrictions: No Dogs Allowed Electric: Circuit Breakers Gas: Natural - At Street; Natural - On Site Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Other Public Access 1 ›

Other Public Access 2 ›

Augusta CE Letter ›

IDX

Listing Office: Hoang Realty

Selling Office: Keller Williams Realty

Last Updated: January - 17 - 2025

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