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31577051
31577050

31 Drummond St, Auburn, ME 04210

KF
ME BA903663
KW Commercial Greater Portland
Listed by KW Commercial Greater Portland
$750,000
57 days on market
Updated 57 days ago

New Construction & Multi-Unit Portfolio | 8% Pro-Forma

Details
APN AUBN-000240-000000-000230
Property Type Multifamily
Sub Type Multi-Unit Portfolio, New Contruction (+1)
Square Footage 7,466
Units 3
Cap Rate 8.7%
NOI $65,235
Price per SqFt $100
Year Built 1888/2026
Buildings 2
Zoning Downtown Traditional
Investment Type Value Add

Multifamily | 3 Units | $250,000/unit

Marketing description

Unique multi-structure investment opportunity on a single parcel in Auburn. The property features a two-unit dwelling and a newly constructed single-family residence completed this year. The newly built single-family home offers 4 bedrooms and 2.5 bathrooms, presenting a turn-key option for an owner-occupant or a high-value rental asset with new construction efficiencies. The adjacent two-unit building is designed for high-occupancy rental income, consisting of a 5-bedroom upper unit and a 3-bedroom lower unit. Both units feature expansive floor plans and established rental history. This asset is an ideal entry-point for a first-time homebuyer looking to offset a mortgage or an investor seeking a diversified residential portfolio in a central location.

Listing Contacts

KF
ME BA903663
KW Commercial Greater Portland
Listed by KW Commercial Greater Portland

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$65,235.00
$5,436.25/mo

Valuation Metrics

0
DSCR
8.7%
Cap Rate
8.7%
ROI

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