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Listed by Debbie Mae Kershaw • SRE Brokers
$750,000
Est. payment /mo
7 Beds
4 Baths
2,638 SqFt
Under Contract
14 Charles ST Berwick, ME 03901
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Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,638 sqft
Price per Sqft $284
MLS Listing ID 5081490
Bedrooms 7
Full Baths 4
Construction Status Existing
Year Built 1920
Annual Tax Amount $6,317
Tax Year 25
Lot Size 0.280 Acres
Acres 0.28
Property Description
Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable. Actual Gross Income with Unit 3 vacant $68,160, Projected with Unit 3 filled $86,760. Expenses $13,624 (Trash, Water/Sewer, Insurance, Taxes)
Location
State ME
County Me-york
Area Me-York
Zoning R1
Rooms
Basement Entrance Walkout
Basement Unfinished
Interior
Cooling Ductless
Flooring Laminate
Exterior
Utilities Available Cable Available
Roof Type Metal,Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
NEARBY SCHOOL & BUSINESS
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