1 Depot St Livermore Falls, ME 04254

INVESTORS TAKE NOTICE. This property brings so much potential to downtown Livermore Falls. There are currently 3 apartments and 4 commercial spaces. There is a space in the basement that is prime to become the 5th commercial unit with very minimal buildout required, complete with a kitchenette and its own water heater hookup. The second floor is open and ready to add three more apartments or transform into a bustling commercial business. Engineering/Architectural drawings are included to turn the second floor space into an event center upon request. The building comes with its own parking lot and the potential to purchase an additional attached parking lot from the City for $15,000, per current owner. (2) of the (4) commercial units are presently occupied by an insurance agency and a therapist. (1) of the (3) residential units are presently occupied. Rent on all units is at $700 per month. With a current rental income is $2,100 per month and a potential income of $4,900 per month ($58,800/Yr) at the current rates and in its current state. Operating expenses are roughly $21,000 per year Please see MLS commercial listing #1621734 for additional information.