Incredible Investment Opportunity! Profitable 6-unit apartment building with assumable tenants, new roof, stable income and potential for 14 plus cap rate! Excellent location close to hospitals, colleges and schools. Current tenants are assumable providing a seamless transition for owner or owner occupied home. This property is on the list for natural gas in September. Retiring owners say there is room for rent increase of 20-25%.. Apartment 1 is freshly renovated and is currently vacant for viewing. 48 hour notice on all other apartment viewings please. SELLER WOULD CONSIDER OWNER FINANCING 20% OF SALE.
Closed
$270,000
41 Western Avenue, Waterville, ME 04901
6beds
2,562sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$105/sqft
$2,025 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,025/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 14, 2025 at 07:06pm
Listed by:
Realty of Maine
Bought with:
Getty Real Estate Services, LLC
Source: Maine Listings,MLS#: 1564434
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Shower
- Flooring: Carpet, Vinyl
- Windows: Storm Window(s)
- Basement: Interior Entry,Dirt Floor,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,562
- Total interior livable area: 2,562 sqft
- Finished area above ground: 2,562
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Paved, 5 - 10 Spaces
Features
- Patio & porch: Porch
Lot
- Size: 9,583 sqft
- Features: City Lot, Near Shopping, Near Town, Neighborhood, Level, Sidewalks
Details
- Parcel number: WAVLM044B070
- Zoning: Residential
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Granite
- Roof: Metal,Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Green energy
- Energy efficient items: Ceiling Fans
Community & neighborhood
Location
- Region: Waterville
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2023 | Pending sale | $315,000+16.7%$123/sqft |
Source:  Maine Listings #1564434 | ||
| 9/13/2023 | Sold | $270,000-14.3%$105/sqft |
Source: Maine Listings #1564434 | ||
| 7/21/2023 | Contingent | $315,000$123/sqft |
Source: Maine Listings #1564434 | ||
| 7/19/2023 | Listed for sale | $315,000$123/sqft |
Source: Maine Listings #1564434 | ||
| 7/10/2023 | Contingent | $315,000$123/sqft |
Source: Maine Listings #1564434 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,932 +0.5% | $196,600 |
| 2023 | $3,912 +48.5% | $196,600 +92.9% |
| 2022 | $2,634 +1.4% | $101,900 |
Find assessor info on the county website
Neighborhood: 04901
Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 0.2 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.4 mi
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