10 units Biddeford Maine

[Christopher Underwood]

Value add opportunity.

Two 5 unit buildings. 650k

Fully occupied undermarket rents. Opportunity to renovate, increase rents to market.

Building 1

Five (1 Br) units $650-750 current rents. Market supports $750-$1025 per one bedroom

• Taxes $3,146
• Water $326.71
•  Sewer $847.74
• Insurance $1,202
  CMP $181
• Oil $3,542.36 (1,495.3 gallons).

Building 2

Two (1Br) units $600 current rents. Market supports $750-$1025 per one bedroom

Two (2 Br) Units $800 current rents. Market supports $1000-$1200

One (3 Br) unit $700 current rent. Market supports $1200-$1600

• Taxes $4,413
• Water $547
• Sewer $1,380
• Insurance $2,003
•  CMP $564,
• Oil $4,790.59 (2,022.2 gallons).

Please email [email protected] if interested.