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7 Elm Street, Topsham, ME 04086
$350,000
7 Elm Street, Topsham, ME 04086View this property at 7 Elm Street, Topsham, ME 04086
7 Elm StreetTopshamME04086
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Property Description
Rare 4-Unit In Historic Topsham Village presents an outstanding opportunity for both investor and owner occupant. The current cash flow / annual income of $35K is impressive but 3 at-will tenants ensure a new owner has a flexibility to take below market rents to new levels of profitability. Current and previous owners have updated and maintained the property to ensure ease of ownership from the super efficient heat and replacement windows to the low/no maintenance siding. Heat is included in rent but with this boiler it makes sense - tenants love this and will pay more per/month for it and it's so efficient you can come out on top. Tenants pay electric and each unit is an ideal 1 bedroom and 1 bath with off street parking. The attic is a blank slate and the land of opportunity... maybe another unit, maybe an expansion of one of the owner units. The possibilities are many, the opportunity is apparent, the location can't be beat. Just a short walk or drive to the recreation, restaurants, bars, breweries, boutiques and even Bowdoin College. Smart buyers know Brunswick / Topsham is already 'happening' and poised for rapid appreciation. Come tour but don't delay. Out of an abundance of respect for the tenants showings are limited to Friday 5/14 and Monday 5/17 between 12-2. Buyers and brokers are welcome with no appointment needed. Offers due Tuesday 5/18 @ 3PM.
Full Property Details
Full Property Details for 7 Elm St
General
- Sold For: $350,000
- Taxes: $4,408 (2020)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1491453
- Added to Site: 1, 078 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Additional Information
- Amenities: 1st-Floor Bedroom, One-Floor Living, Other Amenities, Porch, Storage
Exterior
- Color: White
Parking
- Parking Features: 1 - 4 Spaces, Off Street, On-Site Parking
Location
- County: Sagadahoc
- Transportation: Major Road Access
- Location Details: Historic District, In Town, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: Baseboard, Hot Water, Multi-Zone
- Heating Fuel: Oil
Utilities
- Gas: No Gas
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Wood Frame
- Exterior Const.: Vinyl Siding
- Basement Desc.: Crawlspace, Full, Unfinished
- Roof: Shingle
- Square Feet: 2,711
- Finished Total: 2,711 Sq. Ft.
- Year Built: 1850
Lot Features
- Lot Size (Acres): 0.12
- Street/Road Desc.: Paved, Public
- Driveway/Sidewalk: Gravel
- Zoning: R1
- Lot Description: Level, Open, Sidewalks
Financial Considerations
- Tax Amount: $4,408
- Tax Year: 2020
Disclosures and Reports
- Lot Number: 34
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Schools
Schools serving 7 Elm St
School District:Rsu 75/Msad 75
Rating | Name | Grades | Distance |
---|---|---|---|
73 Eagles Way, Topsham, ME 04086 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 Elm St
Date
Details
Price
Change
Source
6/01/2021
Sold
$350,000
0.29%
MLS
5/13/2021
Listed
$349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7 Elm Street, Topsham, ME 04086 (MLS# 1491453) is a Multi-Family property that was sold at $350,000 on June 01, 2021. Want to learn more about 7 Elm Street? Do you have questions about finding other Multi-Family real estate for sale in Topsham? You can browse all Topsham real estate or contact a Coldwell Banker agent to request more information.