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8br - 6000ft² - RARE BEACHSIDE INVESTMENT OPPORTUNITY, MULTI UNI
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Property Description |
Unique opportunity to basically get a "FREE" 4 bedroom/2 bath beach home by owning this meticulously maintained property just 75 yds to Grand Beach in the highly desireable Pine Point section of Scarborough, Manie. The property consists of 7 units with an owners quarters or inlaw, so the rents from 6 of the 7 units pays the mortgage, expenses, and allows you the use of a "FREE" beach home. If sold separately, the home alone would sell for $399,000+! Or, rent the home out as well for an additional $25,000 a year in income. This property has $100,000+ in earning potential, or cover the expenses, watch your investment appreciate from the comfort of your own beach home with plenty of room for family and friends. Absolute turn key, fully furnished and equipped, just bring your beach towels!Contact me for specific financial details.
See http://WWW.NERENT.COM
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| Contact person: |
owner |
| Seller Type: |
PrivateOwner |
| Phone: |
text |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Apartment Buildings |
| Price($): |
759000 |
| Street Address: |
east grand ave at beach st |
| City: |
Pine Point/Scarborough |
| Region: |
Maine |
| ZIP/Postal Code: |
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| Bedrooms: |
8 |
| Bathrooms: |
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| Stories: |
2 |
| Square Feet: |
4600 |
| Lot Size: |
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| Year Built: |
1950 |
| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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