12 Lyman StreetBerwick, ME 03901MLS Number 1503863

  • Price: $1,495,000
  • Est. Mortgage of $/month
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$/month over payments
Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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12 Lyman Street Berwick ME 0390112 Lyman Street Berwick ME 03901
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  • 0.22Acreage
  • 12Bathrooms
  • 1953Year Built
  • 11,801Square Feet

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Current Cap Rate: 11.25% | Day-One Cash-on-Cash: 23.0%As the exclusive listing advisor, we are pleased to present the opportunity to acquire an investment property located in a very desirable area of southern Maine. 12 Lyman Street Berwick offers a mix of one, two & three-bedroom units, on one quaint tree-lined parcel overlooking the Salmon Falls River on the Maine-New Hampshire border. The property, acquired in 1984 was significantly upgraded by the current ownership.The 12,000+/- sf, 12-unit building offers ample off-street parking on just over 10,000Sf of land. Walkable to the downtowns of both Berwick Maine and Somersworth NH, combined populations of 20,000, the area is undergoing redevelopment and improvements by both municipal and private investors. Near shopping, entertainment, jobs and bus routes tenants stay for the long-term with negligible vacancy rates. Rent roll and expenses available to qualified buyers on request. This is a must see that will not last long in the current residential investment market demand.
Listed by Spectrum Real Estate

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Location Information

  • Building Number12
  • StreetLyman Street

Building

  • Bathroom12
  • Square Feet11,801
  • Foundation MaterialsOther, Poured Concrete
  • BasementFull, Walkout Access
  • 2 Bedroom Units4
  • 3 Bedroom Units3
  • 1 Bedroom Units4
  • Stories3
  • 4 Bedroom Units1
  • Building ConstructionWood Frame
  • Num Heating Units2
  • RoofFiberglass, Flat, Shingle

Property Information

  • ColorWHITE

Water Body

  • Water Body NameSALMON RIVER
  • Water Body TypeRiver
  • Water FrontageNo

Photos

  • Number of Photos2

Rooms

  • Full Bath12

Location

  • StateME
  • Location
    • Business District
    • Intown
    • Near Country Club
    • Near Shopping
    • Near Town
    • Neighborhood
    • Suburban
  • Zip03901
  • Address12 Lyman Street
  • CountyYork
  • DrivewayCommon, Gravel, Paved
  • MapU-1
  • Road Frontage DescriptionPaved, Public
  • SiteCorner Lot, Level, Other Site, Sidewalks
  • TownBerwick
  • TransportationMajor Road Access

Exterior

  • ExteriorVinyl Siding

Amenities

  • Amenities
    • 1st Floor Bedroom
    • 1st Floor Primary BR w/Bath
    • Deck
    • Laundry - Coin
    • One-Floor Living
    • Patio
    • Shower
  • Other AmenitiesBasement, Water View

Basic Information

  • StyleMulti-Level, New Englander
  • SeasonalNo
  • MLS Number1503863
  • Agent ID005354
  • Broker NameSpectrum Real Estate
  • Broker ID2974
  • List Price$1,495,000
  • MLS StatusActive

Property

  • Road Frontage100
  • Acreage0.22
  • Leased LandNo
  • Sq Ft SourcePublic Records
  • Vehicle StorageNo Vehicle Storage
  • Water ViewSeasonal

Utilities

  • WaterPublic
  • Heating FuelGas Bottled, Gas Natural
  • Heat SystemBaseboard, Forced, Multi-Zones, Radiator
  • CoolingNone
  • ElectricCircuit Breakers
  • GasBottled, Natural - At Street, Other Gas
  • Waste Water DisposalPublic Sewer

Other

  • Last Img Trans Date08/05/2021
  • Modification Date08/12/2021
  • EquipmentInternet Access Available
  • Lot29
  • Parking Spaces21+ Spaces, Off Street, Paved
  • Year Built1953

Berwick, ME Demographics

There is no data available

Berwick, ME Real Estate Market Data

There is no data available

Berwick, ME Schools

School NameDistanceTypeGrades
Gosselin Realty Group
Gosselin Realty Group
Office: 207-363-2414
647 US Route One
Suite 210, PO Box 393
York, ME 03909

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2021 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Gosselin Realty Group participates in ©2021 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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