171 Riverside Drive

Eddington, ME 04428

MLS ID# 1461252 Closed

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Closed $439,000

6 parking spaces

6700 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

Description

THE MOST YOUR MONEY CAN BUY! At today's interest rates, this is any investors lucky find. EIGHT unit opportunity consist of one 4 unit building, one single family home, two mobile homes and a barn/garage with another apartment rental. More income is available to rent out barn & garage spoce. Seller has maintained the premises with care and preservation in mind. Seller provides propane heat for all the units, capitalizing on the rental income. Private water and updated septic systems save money on the bottom line. Several tenants have been here for years and turn over is minimal. Convenient to town while providing some social distancing. IT'S A BUY...COME SEE FOR YOURSELF! THE MOST YOUR MONEY CAN BUY! At today's interest rates, this is any investors lucky find. EIGHT unit opportunity consist of one 4 unit building, one single family home, two mobile homes and a barn/garage with another apartment rental. More income is... show more

Location Information

• Street # 171
• Street Name Riverside
• Street Type Drive
• County Penobscot
• Town Eddington
• State/Province ME
• Zip Code 04428
• Zip +4 3156
• Leased Land No
• Book 6925&7309
• Page 203&173
• Map 5
• Lot 9-3&9-3-99
• Zoning Mixed Use
• Zoning Overlay No
• Tax ID EDDI-000005-000000-000009-000003
• Association No
• Full Tax Amount 4400
• Tax Year 19

Property Information

• Surveyed Yes
• Seasonal No
• Owner Occupied No
• Deed/Conveyance Type Offered Quit Claim
• Deed All
• Deed Restrictions Unknown
• 2 Detached Houses on 1 Lot Yes
• Number of Units 8
• Total Baths 10
• Total Full Baths 9
• Total Half Baths 1
• Color Grey
• Year Built 1940
• SqFt Finished Above Grade 6700
• SqFt Finished Below Grade 0
• SqFt Finished Total 6700
• SqFt Source Public Records
• Other Source of Square Footage 3187+1075+980+980+500
• Garage Yes
• Garage Spaces 6
• Lot Size Acres +/- 8
• Source of Acreage Survey
• Road Frontage Yes
• Road Frontage +/- 250
• Source of Road Frontage Survey

Compensation & Misc Info

• Buyer Agency 2.4%

Directions

From Irving Gas in Brewer, take Rte 9 toward Eddington for 4 miles. At Eddington Bend, take Rte 178 North for 0.8 miles. Property is on right.

Details

• Site

  Open, Rolling/Sloping, Wooded

• Roads

  Public

• Transportation

  Major Road Access

• Water Info

  No Water Frontage, No Water View

• Building Info

  # Fireplaces:0, # Stories:2, # Heating Units:9, # Water Heaters:8

• Income & Expenses

  Gross Income:99360, Operating Expenses:28281

• Units

  # of 1 BD Units:1, # of 2 BD Units:5, # of 3 BD Units:2, # of 4+ BD Units:0

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1000, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:Second, Security Deposit, Monthly Rent:1030, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:First, Security Deposit, Monthly Rent:1150, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:Second, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  Lease, Level:First, Security Deposit, Monthly Rent:1000, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 6

  Lease, Level:First, Security Deposit, Monthly Rent:1200, # Full Baths:1, # Half Baths:1, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 7

  Lease, Level:First, Security Deposit, Monthly Rent:1200, # Full Baths:2, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 8

  Lease, Level:First, Security Deposit, Monthly Rent:800, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Colonial, Single Wide, Townhouse

• Construction

  Mobile, Wood Frame

• Other Structures

  Barn, Out Building

• Basement

  Full, Slab, Unfinished

• Basement Entry

  Doghouse

• Foundation Materials

  Poured Concrete

• Exterior

  Vinyl Siding, Wood Siding

• Roof

  Metal, Shingle

• Heat System

  Direct Vent Heater

• Heat Fuel

  Propane

• Water Heater

  Electric, Tank

• Cooling

  None

• Floors

  Carpet, Vinyl, Wood

• Amenities

  Bathtub, One-Floor Living

• Equipment

  Cable, Internet Access Available

• Energy Efficiency

  Double Pane Windows, Storm Doors

• Driveway

  Gravel

• Parking

  11 - 20 Spaces, On Site

• Vehicle Storage

  4+ Car, Detached, Storage Above

• Restrictions

  No Restrictions

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Bottled

• Sewer

  Private Sewer, Septic Design Available, Septic Existing on Site

• Water

  Private, Well Existing on Site

• Sold Info

  Buyer's Zip Code:04401, Seller Contributions:35000, Appraiser:002002, Appraiser Name:Philip Adams, Appraiser Phone Number:207-944-1672, Appraiser Email Address:[email protected]

• Sold Terms

  Conventional

• Sold Terms Other

  Not Applicable