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

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!

Supplements: ********

More Information MLS# 1580586

Location Information

Book: 10444 Leased Land: No Page: 321-323 Map: 5 Lot: 154, 155, 156 Zoning Overlay: Yes Association: No Street #: 71 Street Name: Water Street Type: Street County: Kennebec Town: Hallowell State/Province: ME Zip Code: 04347 Zoning: Com/Res Full Tax Amount $: 30000 Tax Year: 2023 Geo Lat: 44.288028 Geo Lon: -69.790131

Property Information

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

Site

Level: 1 Open: 1 Rolling/Sloping: 1 Sidewalks: 1 Wooded: 1

Location

Intown: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1

Water Info

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

Water Body Type

River: 1

Style

Colonial: 1 New Englander: 1 Other: 1

Construction

Other: 1 Wood Frame: 1

Structure Type

Post & Beam: 1

Levels

Multi-Level: 1

Basement

Bulkhead: 1 Sump Pump: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Granite: 1 Poured Concrete: 1

Exterior

Vinyl Siding: 1 Wood Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1 Hot Water: 1 Radiator: 1 Zoned: 1

Building Info

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

Heat Fuel

Gas Natural: 1 Oil: 1

Income & Expenses

Gross Income: 479000 Operating Expenses: 330000

Cooling

None: 1 Wall/Window Unit(s): 1

Floors

Laminate: 1 Tile: 1 Vinyl: 1 Wood: 1

Units

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

Parking

21+ Spaces: 1 Off Street: 1 On Site: 1 Paved: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 950 # Full Baths: 1 # 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

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # Half Baths: 1 # of Rooms: 4 # of Bedrooms: 1 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: Second Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # 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

Gas

Natural - At Street: 1 Natural - On Site: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1400 # 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: Yes 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

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1300 # 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: Yes Level: Third Security Deposit: Yes Monthly Rent: 1300 # 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: Yes Level: First Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 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: 1 # of Rooms: 3 # of Bedrooms: 1 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: 1 # of Rooms: 3 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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

Common: 1 Paved: 1 Reclaimed: 1

Unit 19

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 725 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sold Info

Appraiser Email Address: Mclane.Hill@cushwake.com

Unit 20

Lease: No Level: Second Security Deposit: No Monthly Rent: 700 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Restrictions

No Dogs Allowed: 1

Unit 22

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 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: 1 # of Rooms: 1 # of Bedrooms: 1 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: 1 # 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: 1 # 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: 1 # 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: 1 # of Rooms: 5 # of Bedrooms: 1 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: 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 29

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # 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: 1 # 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

Basement Entry

Bulkhead: 1 Doghouse: 1 Exterior Only: 1

Water Heater

Electric: 1

Amenities

Laundry - Coin: 1

Vehicle Storage

Detached: 1

Contract Information

Status: Closed Original List Price: 3500000 Sold Price: $3,100,000 Current Price: $3,100,000

Status Change Info

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

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

Listing Office: Hoang Realty
IDX
Last Updated: January - 17 - 2025
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