518 Ossipee Trail E

Gorham, ME 04038
Baths
9
Square Ft.
4,640
$1,500,000
Excellent Investment Opportunity! This well-maintained property features a total of 9 units, including two duplexes and a 5-unit building. Each unit is separately metered for heat and electricity, with tenants responsible for their own utilities. The property boasts a solid rental history and individual heating systems for each unit. The current owner has prioritized upkeep, with major updates already completed, including a new roof and new windows. While the property is already stable and cash-flowing, there is significant upside potential through cosmetic upgrades and rent increases, as current rents are below market. Don't miss this opportunity to own a reliable, income-producing asset with room to grow! NOI: 134,919.31
Market LogoCourtesy of Keller Williams Realty (207) 232-8877
Listing Snapshot
Days Online
76
Last Updated
Full Baths
9
Square Ft.
4,640
Lot Size
8.69 Acres
Year Built
1941
MLS Number
1622877
Additional Details
Basement
Basement: "Interior", "Full", "Doghouse"
Building
Architectural Style: "Ranch", Building Area Total: 4,640, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 9, Year Built: 1941, 1 story
Cooling
Cooling: "None"
Expenses
Operating Expense: $22,281
Floors
Flooring: "Vinyl", "Carpet"
Heating
Heating: "Forced Air", Heating Included
Income
Gross Income: $157,200
Lot
Features: "Well Landscaped", "Near Town", 8.69 acres, Area: 8.69, 378,536 square feet
Parking
Features: "11 - 20 Spaces", "Paved"
Property
Parcel Number: 514OssipeeTrailGorham7614-1, Zoning: SR
Roof
Roof: "Shingle"
Sewer
Sewer: "Private Sewer"
Taxes
Annual Amount: $6,207, Tax Lot: 14
Utilities
Electric: "Circuit Breakers", Water Source: "Private"
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SOurce: Home Junction
Monthly Payment
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30 Days Snapshot Of 04038
$524k
+1%
(avg) sold price
18
-48%
homes sold
10
-50%
(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.