441 Main Street

South Berwick, ME 03908
Baths
3
Square Ft.
3,878
$625,000
The advertised price is for the three unit. See MLS# 1619194 for the packaged pricing. Two buildings with 10 units and 29 beds across two adjacent parcels in highly desirable South Berwick. Undervalued for the bed count, offering a potential cap rate exceeding 13.16%. There is a third building that can be rebuilt for a quadplex or townhouse condos, for additional value add potential. The first building is an elegant septa(7) decker with all 3 bedrooms each, making it the perfect building for condo conversions. Tour through the units and enjoy the stunning upgrades throughout. Units are all spacious with beautiful hardwood floors and tile flooring throughout, paired with modern touches like granite or quartz countertops, stainless steel appliances, and bright white kitchen cabinets. Each unit also features in-unit washer/dryers, stylish tile backsplashes in bathrooms and kitchens, and access to a back porch deck for outdoor relaxation in the spring time. The second building is a mixed-use triplex with approximately 4,000 square feet, featuring a spacious ground-floor commercial space with large bay windows, ideal for retail or office use, and two large upstairs apartments. The units offer plenty of character with beautiful tin ceilings and hardwood floors. The location isRead MoreRead Less
Market LogoCourtesy of RE/MAX Shoreline 603-431-1111
Listing Snapshot
Days Online
22
Last Updated
Full Baths
2
Partial Baths
1
Square Ft.
3,878
Lot Size
0.21 Acres
Year Built
1910
MLS Number
1619573
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Full", "Exterior Only"
Building
Architectural Style: "Split Level", "Other", Building Area Total: 3,878, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1910
Cooling
Cooling Included, Cooling: "Other"
Expenses
Operating Expense: $8,905
Floors
Flooring: "Wood", "Other", "Carpet"
Water Features
Water Body Name: Salmon Falls River
Heating
Heating: "Steam", Heating Included
Income
Gross Income: $39,600
Lot
Features: "Open", "Level", "Interior Lot", "Near Shopping", "Near Town", 0.21 acres, Area: 0.21, 9,148 square feet
Parking
Features: "5 - 10 Spaces", "Other", "Paved", "Off Street"
Property
Parcel Number: 441mainstsouthberwick03908, Zoning: B1
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,575, Tax Lot: 0
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 03908
$606k
-6%
(avg) sold price
4
-20%
homes sold
4
-90%
(avg) days on market
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