Hallowell, ME 04347 75 Water Street
$4,801,500
29 more
Presented By: AllMaineHomes;
Full/Half Baths • 31 / 9
SQFT • 45,505
Garage • 8
Home Details
Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.
Presented By: AllMaineHomes;
Interior Features for 75 Water Street
Bathrooms
Half Baths9
Total Baths40
Other Interior Features
Above Grade Finished Area45505.0
Air Conditioning Y/NYes
BasementBulkhead, Dirt Floor, Walk-Out Access, Crawl Space, Daylight, Full, Partial, Exterior Entry, Interior Entry, Exterior Only, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringWood, Vinyl, Tile, Laminate, Concrete, Carpet
Heating Y/NYes
General for 75 Water Street
Additional Parcels Y/NNo
Architectural StyleColonial, Cape, Farmhouse, Multi-Level, Ranch
Attached Garage No
Body of WaterKennebec River
Carport Y/NNo
CityHallowell
Construction MaterialsWood Siding, Vinyl Siding, Shingle Siding, Clapboard, Brick, Wood Frame
CoolingHeat Pump
CountyKennebec
ElectricCircuit Breakers
Electric On Property Y/NNo
Full Baths31
Garage Spaces8.0
Garage Y/NYes
Gross Income640000.0
HOANo
HeatingRadiator, Multi-Zones, Hot Water, Heat Pump, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet238273.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal46
Operating Expense165000.0
Other StructuresBarn
Patio/Porch FeaturesDeck, Patio, Porch
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Membrane, Metal, Pitched, Shingle, Slate
Senior Community Y/NNo
SewerPrivate Sewer, Public Sewer, Septic Existing on Site
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Annual Amount46502.02
Tax Lot153
Tax Year2023
UtilitiesUtilities On
Waterfront FeaturesRiver
Waterfront Y/NNo
Year Built1860
ZoningDowntown
Exterior for 75 Water Street
Building Area Total45505.0
Crops Included Y/NNo
Foundation DetailsBlock, Stone, Granite, Pillar/Post/Pier, Concrete Perimeter, Slab, Brick/Mortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Level, Sidewalks, Intown, Near Shopping
Lot Size Acres5.47
Lot Size Area5.47
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features21+ Spaces, Gravel, Paved, Common, Detached, Off Street, On Street
Road Surface TypePaved
SpaNo
Water SourcePrivate, Public, Well
Additional Details
Price History
Shelley Kennagh
Senior Loan Officer