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  • $494,000

    171 Riverside Drive, Eddington, ME 04428

    16beds
    6,700sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $649,100 Zestimate®
    $74/sqft
    $-- HOA

    What's special

    8 Unit complex with an 11% cap rate and great CASH FLOW - and this is without the 8th unit rented!! This property consists of a 4 unit building, a single family, a very large barn that could be used for storage and has an efficiency along with 2 mobile homes. A few updates include new metal roofs, a few updated units, all underground pipes were excavated and placed under frost line in 2020 and a new well water pump installed in 2020. This property is ready for another investor to enjoy the cash flow or possibly update it further and potentially add units on the 8 acres. The financials speak for themselves!!

    Zillow last checked: 7 hours ago

    Listing updated: January 12, 2025 at 07:15pm

    Listed by:

    NextHome Experience

    Bought with:

    Non MREIS Agency

    Source: Maine Listings,MLS#: 1547124MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Multi-Zones, Hot Water
    Cooling
    • None
    Features
    • 1st Floor Bedroom, One-Floor Living, Shower
    • Flooring: Wood, Vinyl, Laminate
    • Basement: Bulkhead,Brick/Mortar,Dirt Floor,Walk-Out Access,Full,Sump Pump,Doghouse,Interior Entry,Unfinished
    Interior area
    • Total structure area: 6,700
    • Total interior livable area: 6,700 sqft
    • Finished area above ground: 6,700
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: 21+ Spaces, Gravel, Detached
    • Garage spaces: 4
    Features
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 8 Acres
    • Features: Level, Open Lot, Near Town, Rural
    Details
    • Additional structures: Barn(s)
    • Parcel number: EDDIM005L009003099
    • Zoning: MU

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Other
    • Property subtype: Multi Family
    Materials
    • Wood Siding, Vinyl Siding, Mobile, Wood Frame
    • Foundation: Stone, Slab, Brick/Mortar
    • Roof: Metal,Shingle
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer
    • Water: Private, Well

    Community & neighborhood

    Location
    • Region: Eddington

    Other

    Other facts
    • Body type: Single Wide
    • Road surface type: Paved
    Services availability
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