84 School St
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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
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 | Building Class | C |
Price Per Unit | $261,523 CAD | Lot Size | 0.37 AC |
Sale Type | Investment | Building Size | 2,585 SF |
No. Units | 2 | No. Stories | 2 |
Property Type | Year Built | 1880 |
Price | $523,046 CAD |
Price Per Unit | $261,523 CAD |
Sale Type | Investment |
No. Units | 2 |
Property Type | |
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 | - | - |
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zoning
Zoning Code | HISTOR (Historic Village) |
HISTOR (Historic Village) |
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84 School St
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