Closed

$645,000

9 Tanguay Street, Sanford, ME 04073

13beds

4,664sqft

Multi Family

Built in 1850

-- sqft lot

$735,100 Zestimate^®

$138/sqft

$2,306 Estimated rent

Home value

$735,100

$684,000 - $794,000

$2,306/mo

Zestimate^® history

Owner options

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$2,306/mo

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$2,306/mo

Rent Zestimate^®

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$3,194/mo

Est. payment

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$3,194/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 6
Full bathrooms: 6

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Carpet, Laminate
Basement: Interior Entry,Dirt Floor,Full,Unfinished

Interior area

Total structure area: 4,664
Total interior livable area: 4,664 sqft
Finished area above ground: 4,664
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces

Lot

Size: 3,484 Square Feet
Features: City Lot, Neighborhood, Sidewalks

Details

Zoning: U

Construction

Type & style

Home type: MultiFamily
Architectural style: High Rise,New Englander
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Wood Frame, Vinyl Siding
Roof: Membrane,Shingle

Condition

Year built: 1850

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Sanford

Financial & listing details

Price per square foot: $138/sqft
Annual tax amount: $5,514
Date on market: 2/29/2024
Road surface type: Paved

Price history

Date	Event	Price
5/10/2024	Sold	$645,000-6.4%$138/sqft
Source: Maine Listings #1583039 Report a problem
3/9/2024	Pending sale	$689,000$148/sqft
Source: Maine Listings #1583039 Report a problem
2/29/2024	Listed for sale	$689,000$148/sqft
Source: Maine Listings #1583039 Report a problem