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 11.81± 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 7.55%, a decent return relative to the property's price. Also listed MLS 1642127
Active
Price cut: $251K (10/23)
$999,000
102 Manning Drive, West Gardiner, ME 04345
7beds
5,461sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$183/sqft
$63/mo HOA
What's special
Stunning waterfrontSerene natural settingNew stainless steel appliancesPrivate roadWooded landSingle-level entry unitWaterfront appeal
- 67 days |
- 502 |
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