75 Water Street

Hallowell, ME 04347
Baths
40
Square Ft.
45,505
$2,900,000
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.
Market LogoCourtesy of AllMaineHomes 207-623-2100
Listing Snapshot
Days Online
163
Last Updated
Full Baths
31
Partial Baths
9
Square Ft.
45,505
Lot Size
5.47 Acres
Year Built
1860
MLS Number
1598564
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Bulkhead", "Dirt Floor", "Walk-Out Access", "Crawl Space", "Daylight", "Full", "Partial", "Exterior Entry", "Interior Entry", "Exterior Only", "Unfinished"
Building
Architectural Style: "Colonial", "Cape", "Farmhouse", "Multi-Level", "Ranch", Building Area Total: 45,505, Construction Materials: "Wood Siding", "Vinyl Siding", "Shingle Siding", "Clapboard", "Brick", "Wood Frame", Number Of Units Total: 46, Year Built: 1860
Cooling
Cooling Included, Cooling: "Heat Pump"
Expenses
Operating Expense: $165,000
Exterior Features
Patio And Porch Features: "Deck", "Patio", "Porch", Patio And Porch Features: "Deck", "Patio", "Porch"
Floors
Flooring: "Wood", "Vinyl", "Tile", "Laminate", "Concrete", "Carpet"
Foundation
Foundation Details: "Block", "Stone", "Granite", "Pillar/Post/Pier", "Concrete Perimeter", "Slab", "Brick/Mortar"
Garage
Garage Included, 8 garage spaces
Water Features
Water Body Name: Kennebec River, Waterfront Features: "River"
Heating
Heating: "Radiator", "Multi-Zones", "Hot Water", "Heat Pump", "Forced Air", "Direct Vent Heater", "Direct Vent Furnace", "Baseboard", Heating Included
Income
Gross Income: $640,000
Lot
Features: "Corner Lot", "Level", "Sidewalks", "Intown", "Near Shopping", 5.47 acres, Area: 5.47, 238,273 square feet
Parking
Features: "21+ Spaces", "Gravel", "Paved", "Common", "Detached", "Off Street", "On Street"
Property
Other Structures: "Barn", Parcel Number: HALL-000005-000000-000153, Zoning: Downtown
Roof
Roof: "Flat", "Membrane", "Metal", "Pitched", "Shingle", "Slate"
Sewer
Sewer: "Private Sewer", "Public Sewer", "Septic Existing on Site"
Taxes
Annual Amount: $46,502, Tax Lot: 153
Utilities
Electric: "Circuit Breakers", Water Source: "Private", "Public", "Well"
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SOurce: Home Junction
Monthly Payment
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30 Days Snapshot Of 04347
$476k
+29%
(avg) sold price
3
-25%
homes sold
15
-77%
(avg) days on market
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Tony Donovan
Broker
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.