46-48 St Marys

Property Description:

Welcome to 46-48 St. Mary’s Street. Exceptionally well maintained 6 unit building with solid mechanical systems located in the heart of the revitalized down town. Walking distance to all cafes, shops, restaurants, Riverwalk & Amtrak. Seller has owned these buildings for a very long time and is retiring. Excellent long term tenants is the reason for below market rents. Most of the tenants are ”Tenants At Will”, which will allow the rental income to catch up to the current market rate. If you’re looking for an extremely well maintained building, then you need to view this property. It’s not often a clean building like this comes to the market. THIS IS PART OF A 26 UNIT PORTFOLIO BEING OFFERED, ALONG WITH A 10 CAR PARKING LOT for overflow parking. Properties are 344 Main St (10 unit), 350 Main St (5 unit), 365 Main St (5 unit) & 361 Main St (10 car parking lot for 100K). ANOTHER 12 UNITS ARE ALSO AVAILABLE-329 Main St (6 unit) & 7 St. Mary’s St (6 unit). SHOWINGS ARE TUESDAYS AT 12:00 & FRIDAYS AT12:00. 48 HOUR NOTICE IS REQUIRED.

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Price:
$1,050,000
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Address: 46-48 St Marys StreetCity: Biddeford
State: MEBaths: 6
Bathrooms Full: 6Building Area Total: 3392

Features

Basement: Interior EntryCooling: None
Electric: Circuit BreakersFlooring: Carpet, Laminate, Wood, Linoleum
Heating: Baseboard, Direct Vent Furnace, Hot Water, RadiatorLot Size Square Feet: 5227.2
Roof: Pitched, ShingleSewer: Public Sewer
Water Source: PublicYear Built: 1900