York ME Multi Family Properties for Sale
York is a beautiful southern Maine town that has managed to retain its historic heritage. A sprawling area of 66 square miles, York is comprised of four distinct communities: York Village (often referred to as "Old York"), York Beach, York Harbor, and Cape Neddick. Within these four communities, residents and visitors enjoy not only some of the most spectacular views and beaches on the Maine coast, but some of the most well-preserved and authentic historic buildings and sites.
Very rare offering in the storied town of York. 12 unit property with 11 apartments and one office tenant. In addition, a separate parking lot in the rear of the property is leased to a bank. The rents are as follows: 4-2 BR's-$700, $800, $800 and $750; 7-1 BR's-$650, $700, $700, $650, $700, $700, $700. The office tenant pays $750. Bank pays $2,185 per month for the rear, separated parking lot. The rents may have some upside potential. All units have dishwashers and are heated with electric baseboards. The tenants pay for their electricity. Coin-op laundry on-site. 7 out of the 12 units were added in the 1970's.
Location, location, location AND income potential too! This gem is within a 5-min walk to Wiggly Bridge, Marina, Fisherman's Walk & town center restaurants & shops! Perfect as a getaway and rent the other unit for income. Lots of charm yet renovated.
Great Income Producer and an amazing tranformation of this home already complete. New Windows, flooring, kitchens, paint and more. Let the income pay for your investment. You'll appreciate work well done.
Spend your summers at York Beach and have income from the second unit. Short walk to Long Sands Beach and the trolley stop offering easy access to all activities at both Long Sands and Short Sands beaches, restuarants, arcade, amusement park, playground. Wonderful location.
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