102 Manning Drive, West Gardiner, ME 04345
sale
$999,000
|
Other
Courtesy Of Maine Real Estate Experts
47 Ossipee Trail East, Standish, ME 04084
Whether you're expanding your portfolio or seeking a legacy property with waterfront appeal, this is a unique chance to own a multi-unit gem in a serene, natural setting ¬"just minutes from I-295 and downtown Gardiner. Nestled at the end of a quiet, private road, this rare 6-unit ranch-style complex offers 1121 feet of stunning waterfront on Cobbosseecontee Stream and sits on 11.81Ã acres of beautifully landscaped, wooded land. Each single-level entry unit has been thoughtfully built over the past 50 years and 4 units have recently in the past year have been remodeled and includes its own new washer/dryer and new stainless steel appliances ¬"ideal for long-term tenants and low-maintenance management. Enjoy consistent rental income with strong tenant history. The property includes a detached 2-car garage, ample parking, studio shed at waters edge and is part of a road association with low annual fees. This is a solid mid-range cap rate 9.44%, a decent return relative to the property's price.
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Property Features
- Age: Over 50 Years Old
- Building Units: 6
- Exterior Type: Vinyl Siding
- Exterior Type: Wood Frame
- Heating System: Baseboard
- Heating System: Hot Water(Heating)
- MLSID: 1642127
- Roof Type: Shingle
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