58 Main Street Oakland, ME
$439,900
Square Footage 6,452
Acres 0.09
Description
Looking for an investment property with good positive cash flow? Being sold at an impressive 8.5% cap rate! Modified Gross Income of $59,280 and $22,659 in expenses. How about a highly visible (4,800 daily traffic count) space to open or expand your own business?
You will want to see this Commercial Building with Residential income as well. First Floor features 4 commercial spaces while the second and third floor have spacious residential units. One residential unit has 4 bedrooms and 2 bathrooms, the other has 2 bedroom and one bath, each unit has its own laundry hook up. New boilers in 2019, new heat pumps for the residential units in 2023. Lots of electrical and cosmetic updates over the past 3 years.
Listed by Surette Real Estate, Jeffrey Jolicoeur 207-873-5634
Details
MLS 1592739
Status Active Under Contract
Price $439,900
DOM 3 days
Type Commercial
Square Feet 6,452 sqft
Lot Size 0.09 acres
Year Built 1890
Taxes Paid $3,214
Lot & Building Features
Cooling Heat Pump
Tax Year 2023
Taxes Paid $3,214
Room Details
Basement Description Full, Walk-Out Access, Unfinished
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.