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27 Summer StreetBiddeford, ME 04005MLS Number 1570519

  • Price: $499,000
  • Est. Mortgage of $/month
  • 13 Days on Market
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Federal 30-year interest rate: 7.18% last updated on Sep 14, 2023
* 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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27 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 0400527 Summer Street Biddeford ME 04005
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  • 0.06Acreage
  • 3Bathrooms
  • 1900Year Built
  • 2,854Square Feet

Driving Directions

Perched on the edge of Biddeford's vibrant downtown, this attractive brick 2-unit is just a few short blocks away from amazing restaurants, breweries, and distilleries, which translates to an abundant pool of tenants as everyone wants to be near the action. But what really sets this building apart, is that in addition to its long-term units, it has an extensively renovated lockout unit with its own ensuite bathroom that creates the perfect setup for a short-term rental. You couldn't ask for a better entry point into the short-term rental space as you have rental income from two long-term units to help offset the vacancies between bookings creating a more consistent income stream. For the investor who plans to self-manage and maximize STR income, this building could easily cash flow. And we're talking cash flow after taking into account repairs AND vacancies. When was the last time you encountered a 2-unit that could boast that?! Newly installed replacement windows are the cherry on top. Such a great building to add to your portfolio!
Listed by Waypoint Brokers Collective (jeremy@waypointbrokers.com)

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More Info

Basic Information

  • Attribution Contact jeremy@waypointbrokers.com
  • Documents Available Property Disclosure Member Only, Lead Paint Addendum Member Only, Deed Member Only
  • Gross Income $43,848

Building

  • Above Grade Finished Area 2,854
  • BasementFull, Interior Entry, Unfinished
  • Building ConstructionBrick, Masonry
  • Building Info Num Floors 3
  • Building Info Num Heating Units 1
  • Building Info Num Stories 2
  • Garage Spaces
  • Property StyleMulti-Level
  • Stories2
  • Units2
  • Units Numof 3 Bd Units 2
  • Year Built1900

Amenities

  • Mls StatusActive Under Contract
  • Other AmenitiesBasement, Fireplace, Pool

Legal

  • ZoningMSRD2

Photos

  • Number of Photos35

Tax Information

  • Tax Book Number 18377
  • Tax Lot32
  • Tax Map Number 39
  • Tax Year 2022
  • Taxes$3,776

Location

  • Address27 Summer Street
  • Building Number27
  • CountyYork
  • Latitude43.49012
  • Longitude-70.454718
  • StateME
  • StreetSummer Street
  • TownBiddeford
  • Zip04005

Interior

  • Flooring Vinyl, Wood

Exterior

  • Exterior Brick
  • RoofMembrane, Shingle

Property Information

  • Acreage0.06
  • Lot Features Corner Lot, Sidewalks, Intown, Near Shopping
  • Lot Size Square Feet 2,613
  • Lot Size Units Acres
  • Site Corner Lot, Sidewalks
  • Square Feet2,854

Other

  • Date Listed09/08/2023
  • View Count1

Parking

  • Parking Features No Driveway, On Street

Rooms

  • Bathroom3
  • Full Bath3

Basic Information

  • Agent ID017902
  • Broker ID3311
  • Broker NameWaypoint Brokers Collective
  • List Price$499,000
  • LocationTypeIntown, Near Shopping
  • MLS Number1570519
  • Modification Date09/12/2023
  • Property TypeResidential Income

Property

  • Lot Size SourcePublic Records
  • Road FrontagePaved, Public

Utilities

  • Building Info Num Water Heaters 2
  • Electric Circuit Breakers
  • Gas Bottled
  • Heat SystemBaseboard, Hot Water, Gas Bottled
  • Heating FuelGas Bottled
  • Heating YN Yes
  • Sewer Public Sewer
  • Water HeaterElectric
  • Water Source Public

Biddeford, ME Demographics

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Biddeford, ME Real Estate Market Data

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Biddeford, ME Schools

School NameDistanceTypeGrades
Gosselin Realty Group

Your Local Office

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

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. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Gosselin Realty Group participates in ©2023 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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