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31819247
31819275

164 Madison Avenue, Skowhegan, ME 04976 For Sale

AB
ME 905342
$2,150,000
87 days on market
Updated 82 days ago

164 Madison Avenue, Skowhegan, ME 04976

Details
Property Type Multifamily, Senior Living
Sub Type Apartment Building
Square Footage 17,870
Units 21
Beds 23
NOI $167,376
Tenancy Multi
Class A
Year Built 1880
Year Renovated 2004
Buildings 2
Acreage 1.460
Zoning Residential
Sale Condition N/A

15 units for sale - 17,870 SqFt

Marketing description

Seeking to expand your real estate portfolio? We are pleased to deliver 164 Madison Avenue and 9 Walton Court available totaling 15 units for sale. The well landscaped and attractive grounds has many benefits to offer a new owner! Sale will include one building that is comprised of two units, large 4 bedroom with a 4 bay heated garage and a spacious one bedroom apartment. The total living space for this structure is 4,417 sqft. This would make an excellent owner occupied space with an in-law suite attached for family or utilize both units for additional income. The second building is an impressive 13 unit structure (12,553 sqft) with many renovations over the long tenure of the seller. The rent roll tallies nicely, inquire today!

Investment highlights

15 Units

Near Shopping Malls

Near Medical Facilities

Near Recreational Water

Walkable to Eateries

Historic Downtown

Listing Contacts

AB
ME 905342

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,376.00
$13,948.00/mo

Valuation Metrics

0
DSCR
7.78%
Cap Rate
7.78%
ROI

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Property History

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Additional Information

Name
Aaron Bolster
License
905342
Brokerage
Allied Realty
Brokerage Phone
2074749553
Title
Designated Broker
Brokerage Address
187 Madison Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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