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Sold

123 Spring Street

123 Spring Street, Auburn, ME 04210

$425,000
$425,000

123 Spring Street

7 Baths 3,482 Sq.Ft.

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Description

7-Unit Multi-Family in Auburn for $395,000. This investment opportunity features seven thoughtfully laid-out apartments (Three 1-beds and four 2-room studios) in a central and convenient location. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM. Well maintained, the units are entirely rentable as-is, providing an immediate income stream, or they can be renovated to maximize income further. This is an excellent opportunity for stable rental income and long-term growth in a sought-after location with some of the most exponential price trends in the state. The building's layout consists of three units on the first floor, three units on the second floor, and one additional unit on the third floor, making optimal use of the building's size. Tenants enjoy convenient access through two separate entrances--one at the front for five units and another at the back catering to the last two units. The property benefits from its prime location in Auburn's downtown district, with proximity to a wide range of amenities, shops, trendy restaurants, and easy access to public transportation offers an enticing package for potential tenants. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM.

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Location

123 Spring Street, Auburn, ME 04210

Status

Sold
Lauren Jones

Lauren Jones

Features & Amenities

Interior

  • Total bathrooms7
  • full bathrooms7
  • Laundry room Laundry - 1 st Floor, Main Level
  • Flooring Carpet

Area & Lot

  • Status Sold
  • Living Area3,482 Sq.Ft.
  • Lot Area4,356 Sq.Ft.
  • MLS® ID1565224
  • TypeMulti-Family
  • YEAR BUILT1878
  • Architecture StylesMulti-Level, New Englander

Exterior

  • STORIES3
  • water SourcePublic
  • utilitiesUtilities On
  • roofShingle
  • lot featuresLevel, Sidewalks, Intown
  • parking5 - 10 Spaces, Paved, Common, On Site
  • HEAT TYPEHot Water, Forced Air, Baseboard
  • AIR CONDITIONINGNone
  • sewerPublic Sewer
  • SubstructureBrick/Mortar

Financial

  • Sales Price$425,000
  • Real Estate Tax $3,415/yr
  • Zoning T-5.1

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WORK WITH LAUREN

Lauren is remarkably devoted, driven, and enthusiastic about every opportunity she gets to help others achieve their goals. Every client has a unique story, and she strives to add to each of those stories in a positive and enduring way.

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Contact Details

Lauren Jones

Phone

(207) 650-9247

Email

[email protected]

Address

183 US-1 ​​​​​​​FALMOUTH ME 04105

 

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