MLS 1432340

46 Baker Street

Clinton, Maine, 04927

$975,000
  • Style Other Style, Ranch
  • Year Built 1990
  • Fin Total 13216 sqft.
  • Lot Size 4.5 Acres
  • Units19
  • Baths19
  • One BR Units 15
  • Two BR Units 4
Listing Office: Town & Shore Associates LLC

  • Water Frontage No
  • Water Access Public
Modern Nineteen Unit Apartment Complex in excellent condition and fully occupied. This property offers exceptional cash flow, financials and a capitalization rate of 8.89%. Comprised of two buildings on 4.5 acres; the larger fifteen unit building was constructed in 1990 as an assisted living facility and later converted to apartments. The four unit was built in 2009 and features all two bedroom units and a sprinkler system. Both buildings are single story and handicapped accessible. The spacious lot offers ample paved parking and the ability to add eight additional units. The property also features public water, sewer, and underground electrical power installed. Nice quiet rural setting yet less then a mile to I-95 and closer then you might think to Waterville (15 minutes), Augusta (30 minutes), Bangor (45 minutes) and Portland (1 hour, 15 minutes). Please DO NOT go to property or speak with tenants unless on a showing with the listing agent.

  • Style Other Style, Ranch
  • Year Built 1990
  • Lot Size 4.5 acres
  • Zone 12 Commercial
  • County Kennebec
  • City Clinton
  • Seasonal No
  • Full Tax Amount $10,316.00
  • One Bedroom Units 15
  • Two Bedroom Units 4
  • Baths 19
  • Total Units 19
  • Fin Total 13216
  • Amenities 1st Floor Bedroom, Fire System, Laundry - 1st Floor, Laundry - Coin, One-Floor Living, Sprinkler
  • Waste Water Disposal Public Sewer
  • Water Public
  • Foundation Materials Poured Concrete
  • Heat System Forced, Space Heater
  • Heat Fuel Gas Bottled,Oil
  • Road Frontage 75
  • Vehicle Storage No Vehicle Storage