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Multi-Family for Sale: 27 Summer Street, Biddeford, ME 04005 SOLD

3 full baths
$545,000
$545,000
27 Summer Street, Biddeford, ME 04005 SOLD
3 full baths
$545,000
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Selling Price: $545,000
Original List Price: $499,000
Sold at 109.2% of list price
Sold Date: 10/13/2023

Type Multi-Family
Style Multi-Level
Total Baths 3 full baths
Square Feet 2,854 sqft
Lot Size 0.06 acres
Year Built 1900
Taxes Paid $3,776

City Biddeford
County York

MLS 1570519
Status Closed
DOM 35 days
Perched on the edge of Biddeford's vibrant downtown, this attractive brick 2-unit is just a few short blocks away from amazing restaurants, breweries, and distilleries, which translates to an abundant pool of tenants as everyone wants to be near the action. But what really sets this building apart, is that in addition to its long-term units, it has an extensively renovated lockout unit with its own ensuite bathroom that creates the perfect setup for a short-term rental. You couldn't ask for a better entry point into the short-term rental space as you have rental income from two long-term units to help offset the vacancies between bookings creating a more consistent income stream. For the investor who plans to self-manage and maximize STR income, this building could easily cash flow. And we're talking cash flow after taking into account repairs AND vacancies. When was the last time you encountered a 2-unit that could boast that?! Newly installed replacement windows are the cherry on top. Such a great building to add to your portfolio!

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2022
Taxes Paid $3,776

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 1 of Rooms 7
Unit 2 Full Baths 2
Unit 2 of Bedrooms 3
Unit 2 of Rooms 8

Price History of 27 Summer Street, Biddeford, ME

Date Name Price Difference
09/08/2023 Listing Price $545,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 27 Summer Street, Biddeford, ME

Location Map Street View
Listed by Waypoint Brokers Collective, Jeremy Lock 207-804-2012
Sold by Coldwell Banker Realty, Christina Farynaz 207-773-1990
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Waypoint Brokers Collective

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.