42 Spruce St
Property Description
6-unit multifamily investment property in an established, in-town Sanford neighborhood, offering convenient access to downtown amenities, services, and major commuter routes Unit Mix: One (1) studio, one (1) 1-BR unit, & four (4) 2-BR units (separately metered electric). All units have been renovated. Situated in York County, one of Southern Maine's most active investment corridors, benefiting from regional growth and spillover demand from Greater Portland and the Seacoast Recent improvements include new roof, vinyl siding, & decks (2025) Opportunity to add three (3) additional bedrooms in the attic space if egress is installed. Confirm with City of Sanford. SALE PRICE: $675,000.00 | $112,500.00/unit | Cap Rate: 8.30%
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $675,000 |
| No. of Units: | 6 |
| Year Built: | 1900 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $112,500 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
146 Lowell St, 371 Spruce & 32 Mitchell Street
Manchester, New Hampshire
146 lowell Street
Manchester, New Hampshire
7-9 Tremont Street
Boscawen, New HampshireBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout