Bought with Keller Williams Realty
$645,000
$689,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
9 Tanguay ST Sanford, ME 04073
6 Baths
4,664 SqFt
Key Details
Sold Price $645,000
Property Type Multi-Family
Listing Status Sold
Square Footage 4,664 sqft
MLS Listing ID 1583039
Sold Date 05/10/24
Style High Rise,New Englander
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,664
Year Built 1850
Annual Tax Amount $5,514
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Source Maine Listings
Land Area 4664
Property Description
Well maintained, city inspected, legal 6 unit being sold at a 9.5 Cap Rate. Property consists of two - 3 bedroom 1 bath apts, and 3- two bedroom 1 bath apts, and one - 1 bedroom. Revenue is $99,000, operating expenses approximately $25,400, add the 3% vacancy and a $4,800 mgt fee you are looking at a NOI of $66,116+/- hitting the 9.5 cap. Also available to interested parties is the level vacant lot diagonally across the street at 12 Island Ave for $30,000. Current leases include electricity and heat, there are 7 meters for the building and natural gas option on site. Both 9 Tanguay and 12 Island Av are surveyed. This is nice building to own as the numbers work. Easy to show Saturday 10am, 11am, 12pm.
Location
State ME
County York
Zoning U
Rooms
Basement Dirt Floor, Full, Interior Entry, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Laminate, Carpet
Exterior
Parking Features 1 - 4 Spaces, Paved
Utilities Available 1
View Y/N No
Roof Type Membrane,Shingle
Street Surface Paved
Garage No
Building
Lot Description Sidewalks, Intown, Neighborhood
Sewer Public Sewer
Water Public
Architectural Style High Rise, New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil
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