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84 School St

2 Unit Apartment Building Offered at $523,046 CAD in Waldoboro, ME 04572

Investment Highlights

  • This elevated Colonial home exudes charm and has recently undergone extensive renovations.

Executive Summary

Attention All Investors - Don't Miss This One! Nestled on a quiet dead-end street in downtown Waldoboro, this elevated Colonial home exudes charm and has recently undergone extensive renovations. The updates are impressive and include a complete overhaul of the electrical systems, modernized plumbing, new lighting fixtures, fresh insulation, new roof shingles over the sunporch, and interior painting. Both units offer laundry hook-up. Currently configured as a duplex, the home offers a first-story unit and a second-story unit, each featuring 2 bedrooms, 1 full bathroom, a well-appointed kitchen, a spacious living room, and a dining area. Both units come with their own driveway and private entrance for added convenience. Currently, the second-floor unit is occupied with a tenant that has a year-lease through August 15, 2025. The attached 2-car garage, interior workshop area & laundry/systems room are currently being utilized by the owner who lives in the first-floor unit. Experience the ease of living within walking distance to local shops, a pharmacy, a library, restaurants, taverns, and more. This neighborhood location perfectly balances peaceful residential living with vibrant downtown amenities! A Pre-Inspection Report is available - Done Summer 2024 by Breakwater Inspections (John Howard) - See Attached.
Unit 1: Lease: No; Level: First; Security Deposit: No; Monthly Rent: 0; # Full Baths: 1; # of Half Baths: 0; # of Rooms: 6; # of Bedrooms: 2; Dedicated Electric Meter: Yes; Dedicated Gas Meter: No; Dedicated Water Heater: Yes; Electric: No; Heat: No; Range: Yes; Refrigerator: Yes; Sewer: No; Water: No
Unit 2: Lease: Yes; Level: Second; Security Deposit: Yes; Monthly Rent: 1,500; # Full Baths: 1; # Half Baths: 0; # of Rooms: 5; # of Bedrooms: 3; Dedicated Electric Meter: Yes; Dedicated Gas Meter: No; Dedicated Water Heater: Yes; Electric: No; Heat: No; Range: Yes; Refrigerator: Yes; Sewer: Yes; Water: Yes

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $523,046 CAD
Price Per Unit $261,523 CAD
Sale Type Investment
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Building Class C
Lot Size 0.37 AC
Building Size 2,585 SF
No. Stories 2
Year Built 1880

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - -

zoning

Zoning Code HISTOR (Historic Village)
HISTOR (Historic Village)
  • Listing ID: 33716484

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 84 School St, Waldoboro, ME 04572

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