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26823625
26823624

119 Main St, Bucksport, ME 04416

DB
ME BR928348
Two Rivers Realty LLC
Listed by Two Rivers Realty LLC
$399,900
411 days on market
Updated 91 days ago

4 Unit Residential/Commercial Mix with downtown waterviews!

Details
APN N/A
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Storefront (+1)
Square Footage 3,200
Net Rentable (SqFt) 3,200
Units 4
Cap Rate 9.08%
NOI $36,293
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 2
Lease Expiration 01/01/2024
Lease Options N/A
Pro-Forma Cap Rate 9.08%
Pro-Forma NOI $36,293
Price per SqFt $125
Year Built 1920
Year Renovated 2017
Buildings 1
Stories 2
Acreage 0.120
Zoning Village
Parking Spaces 4 spaces
Parking Per SqFt 1.25
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/01/2022
Occupancy Date 01/01/2022
Ownership 100

Fresh exterior renovation, good cash flow with room for rent growth!

Marketing description


Newly exterior renovated mixed-use 4 unit located on Main Street in the heart of Bucksport, Maine, offering stunning views of the Penobscot River. This well-maintained building features two fully remodeled 2-bedroom, 1-bath residential apartments on the upper level, both updated within the past decade. The ground floor includes two office/retail units, all four units are currently rented, providing solid income potential. Excellent visibility and foot traffic make this an ideal investment opportunity in a vibrant waterfront community. Also includes a separate .19 acre in town lot behind the property which could be built on or turned into additional parking space.

Investment highlights

3,200 Sq. Ft.

Water views in downtown Bucksport, ME

9.08% CAP

Good cash flow with room for rent growth

Includes a second .19 acre buildable lot behind it

Listing Contacts

DB
ME BR928348
Two Rivers Realty LLC
Listed by Two Rivers Realty LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,293.00
$3,024.42/mo

Valuation Metrics

0
DSCR
9.08%
Cap Rate
9.08%
ROI

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Additional Information

Name
Doug Burpee
License
BR928348
Brokerage
Two Rivers Realty, LLC
Brokerage Phone
2074699930
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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