48 Waldo Avenue
Belfast, ME 04915

$495,000
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VERY IMPORTANT, IF POSSIBLE CALL or text first. This 1870 building has 5 units & the tenants are long term as none have moved out in 4 years or longer. The owners believe in a cooperation of the owners and tenants treating each other with respect...
985 Sq Ft.
Interior
.27 Acres
Exterior
Multi-Family Homes
Property type
1870
Year Built
1506139
Web Id
1506139
MLS ID
Regional School Unit 71
School District

About 48 Waldo Avenue

VERY IMPORTANT, IF POSSIBLE CALL or text first. This 1870 building has 5 units & the tenants are long term as none have moved out in 4 years or longer. The owners believe in a cooperation of the owners and tenants treating each other with respect and niceness. The owners do not charge the highest rent but yearly they increase based on the individual ability for that increase. The owners have owned this building since 2006. The location makes walking to the stores and waterfront in 5 to 10 minutes. In 2019 the building brought in $44,501 in rents, in 2020 the rent totals were $50,616 with & our present rents the next year will bring in $54,276 or more. Every apartment has a washer & dryer or access to a common washer/ dryer. Each of the 5 apartments has a Rennui heaters which are efficient and safe. The owners pay the utililities and the tenants kept the heat totals to $2837 for the 5 unit apartment house for the year 2020 and the electric useage for the year was $3091. The total expenses including maintenance, taxes, insurance, water, sewer, garbage, electric, and heat was $13,644. The roof is 3 years old, and the owners expect few extra major expenditures. The basement is full, concrete and dry.(It will be emptied if new purchase) All the leases are monthly and use Maine Housing for 3 of the apartments. Maine Housing does a yearly very thorough and very safe inspection. The usual 24 Hour notice but do prefer a drive by first (no use in inconveniencing anyone)or will show the outside, basement and common areas with short notice. Also every Winter the owners go away for up to 2 months with the tenants being helpful and self reliant. The owners will help any new owner and also will consider some owner financing depending on the needs of the prospective owners. Belfast is a wonderful small town with a small town council governing. So central location, great small town and the present owner would even assist with management if needed. BROKER OWNED.

Listing Courtesy of Berkshire Hathaway HomeServices Northeast Real Estate

Amenities

  • Attic
  • Carpet
  • Fenced
  • High Speed Internet
  • Laundry
  • Pantry
  • Porch
  • Storage
  • Steam Shower

features

cooling
Gas
lot description
Level

PROPERTY INFORMATION

Amenities
1st Floor Bedroom, 1st Floor Primary BR w/Bath, Attic, Fence, Laundry - 1st Floor, Laundry - Hookup, One-Floor Living, Pantry, Porch, Primary Bedroom w/Bath, Shower, Storage
Basement
Brick/Mortar, Bulkhead, Full, Unfinished, Walkout Access
Heating
Direct Vent Heater
Location
Intown, Near Shopping, Near Town
Parking Description
5 - 10 Spaces
Sewer
Public Sewer
Style
New Englander
Water
Public
Waterfront
No

EXTERIOR

Exterior Features
Vinyl Siding
Roofing
Pitched, Shingle

INTERIOR

Flooring
Carpet, Composition

ADDITIONAL INFORMATION

Number of Units
5
Listing Courtesy of Berkshire Hathaway HomeServices Northeast Real Estate
Listing Courtesy of Berkshire Hathaway HomeServices Northeast Real Estate
Legacy Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at 48 Waldo Avenue, Belfast, Maine 04915 United States is a Multi-Family Homes with bedrooms, full baths, and partial baths. It is located in , Belfast, Maine, and is in the 04915 zip/post code area. This home of 985 Sq.Ft. was built in 1870 and is on a .27 Acres lot. Legacy Sotheby’s International Realty also has property listings in cities near Belfast, including Belfast. If you would like more information about this home for Sale at 48 Waldo Avenue, Belfast, Maine 04915 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
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Berkshire Hathaway HomeServices Northeast Real Estate

Listing Courtesy of Berkshire Hathaway HomeServices Northeast Real Estate
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