382 Water Street

Augusta, ME 04330
Square Ft.
5,878
$5,950,000
PROPERTY BEING SOLD AS A PACKAGE WITH 14 OTHER BUILDINGS. PLEASE SIGN NDA FOR FULL OFFERING MEMORANDUM. ALL PROPERTY DISCLOSURES AVAILABLE UPON REQUEST. Multifamily portfolio for sale in downtown Augusta, ME. Sale includes 15 apartment buildings with rentals that range from single room occupancies to up to 4-bedroom apartments. Excellent historical occupancy with additional room to go up on rents. Significant capital improvements have positioned this for a smooth transition to new ownership. An on-site management team makes this a turnkey investment with excellent cashflow. All of the buildings in this offering are located on or close to Water Street, which is home to many retail shops, breweries, and local eateries.
Market LogoCourtesy of Colliers International 207-560-8000
Listing Snapshot
Days Online
49
Last Updated
Property Type
Multi Family
Square Ft.
5,878
Lot Size
0.11 Acres
MLS Number
1616966
Additional Details
Building
Building Area Total: 5,878
Lot
0.11 acres, Area: 0.11, 4,792 square feet
Parking
Features: "On Site"
Property
Business Type: "Commercial", "Other", Parcel Number: AUGU-000033-000247, Property Sub Type: Multi Family, Zoning: KBD1
Taxes
Tax Lot: 247
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30 Days Snapshot Of 04330
$316k
-16%
(avg) sold price
13
-31%
homes sold
39
-7%
(avg) days on market
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Fred Andrews
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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.