Milford, ME 04461 88 Main Road

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Presented By: Better Homes & Gardens Real Estate/The Masiello Group;
  • MLS# 1612603
  • 01/15/2025
  • Request Tour
  • Request Info
  • Baths • 6
  • SQFT • 4,200

Home Details

This well-maintained and recently renovated 6-unit multifamily property offers excellent income with strong, reliable cash flow. Five of the six units have been recently renovated this investment provides an attractive opportunity for both new and seasoned investors. Key upgrades include new floors in five units, and new vinyl siding, ensuring low maintenance and long-term durability. The property features a combination of propane Rinnai heat in five units and a modern heat pumps in three units for optimal energy efficiency. Additionally, most of the windows have been replaced, further enhancing energy savings and tenant comfort. Situated in the desirable Milford area, this property offers consistent rental demand and long-term appreciation potential. With its turnkey status and solid income stream, this is an ideal investment for anyone looking to expand their portfolio with minimal upfront work. Property management company already in place. Don't miss out on this exceptional opportunity to own a fully updated, income-generating property in a growing community.
Presented By: Better Homes & Gardens Real Estate/The Masiello Group;

Interior Features for 88 Main Road

Bathrooms

Half Baths0
Total Baths6

Other Interior Features

Above Grade Finished Area4200.0
Air Conditioning Y/NYes
BasementInterior, Dirt Floor, Other
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringVinyl, Carpet
Heating Y/NYes

General for 88 Main Road

Additional Parcels Y/NNo
Architectural StyleOther
Attached Garage No
Carport Y/NNo
CityMilford
Construction MaterialsVinyl Siding, Wood Frame
CoolingHeat Pump
CountyPenobscot
ElectricCircuit Breakers
Electric On Property Y/NNo
Full Baths6
Garage Spaces0.0
Garage Y/NNo
Gross Income82500.0
HOANo
HeatingHeat Pump, Direct Vent Heater, Baseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total6
Operating Expense24954.0
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount3341.0
Tax Lot100
Tax Year2024
UtilitiesUtilities On
Waterfront Y/NNo
Year Built1900
ZoningVillage

Exterior for 88 Main Road

Building Area Total4200.0
Crops Included Y/NNo
Foundation DetailsStone, Brick/Mortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Sidewalks, Intown, Near Shopping
Lot Size Acres0.14
Lot Size Area0.14
Lot Size SourceSeller
Open Parking Y/NNo
Parking FeaturesGravel, Off Street
SpaNo
Water SourcePublic

Additional Details

Price History

Linda Dupuis

Broker
Price $595,000
MLS#1612603
List Date 01/15/2025
Property Type Multi-Family
Phone 207.522.1744
Request Tour
Request Info
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