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12 King ST Biddeford, ME 04005
SOLD DATE : 12/27/2022Want to know what your home might be worth? Contact us for a FREE valuation!
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Key Details
Sold Price $687,500
Property Type Multi-Family
Listing Status Sold
Square Footage 4,916 sqft
MLS Listing ID 1541379
Sold Date 12/27/22
Style Other Style
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 4,916
Originating Board Maine Listings
Year Built 1890
Annual Tax Amount $3,954
Tax Year 2022
Lot Size 3,920 Sqft
Acres 0.09
Property Description
''NO FIRE SAFETY VIOLATIONS BUILDING'' JUST COLLECT THE RENT! See attached compliance letter from the City of Biddeford. Very well maintained 5 unit with a maintenance free exterior offering vinyl siding and no lawn to maintain. This urban style location is basically zero exterior maintenance. Non Smoking,No Pets
Building.Two brand new apartments.One is currently under construction and will be completed soon. The new completed 1st floor 2 bedroom unit could also make a great owner occupied building. Live for free. Let the other 4 tenants pay the expenses.Current three existing rents of $900, $900 & $1,000 are below market rates and should be increased. Current three tenants are all tenants at will. The $1,650 & $1,550 rents are the two vacant units, and the rents are projected, although accurate and possibly still low.The two vacant units are being left vacant purposely to allow a new owner to allocate the rental amounts they demand. This is a very good solid mechanical & turnkey building. Located in the heart of all down town amenities. 10 minute walk to Amtrak. If you want a GOOD BUILDING, this is the building to preview. 24 HOUR NOTICE REQUIRED.
Location
State ME
County York
Zoning MSRD2
Direction King Street is located in between Hill St & Foss St. In proximity behind Northeast FCU & the Biddeford Police Dept. Sign out front.
Rooms
Basement Dirt Floor, Full, Interior Entry
Interior
Interior Features Shower
Heating Multi-Zones, Hot Water, Heat Pump, Forced Air, Baseboard
Cooling Heat Pump
Flooring Wood, Vinyl, Laminate
Laundry Washer Hookup
Exterior
Garage 1 - 4 Spaces, Paved, On Site
Waterfront No
View Y/N No
Roof Type Membrane,Pitched,Shingle
Accessibility Level Entry
Porch Porch
Garage No
Building
Lot Description Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Architectural Style Other Style
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil, Electric
Financing Conventional
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