7 Emmons Place
Property Description
Exceptional opportunity to acquire a fully occupied five-unit multifamily property in an established residential neighborhood in Biddeford. The property features four 1-bedroom, 1 bathroom apartments and one spacious 2 bedroom, 1 bathroom apartment occupying the entire third floor. All units are currently occupied, providing immediate rental income with below-market rental upside for future ownership. The building offers a mix of updated and unrenovated units, creating opportunities for future improvements as apartments turn over. Tenants pay their own electricity, while heat and hot water are included. Off-street parking, expansive rear decks, and established raised garden beds add practical and appealing resident amenities. Located directly across from Hannaford, the property provides convenient access to groceries and everyday essentials. Downtown Biddeford's restaurants, breweries, shops, parks, and growing business district are also just minutes away, along with major commuter routes. Whether expanding an existing portfolio or purchasing a first multifamily investment, this property offers established occupancy, immediate income, and the opportunity to increase returns over time as units turn over and rents are brought closer to market.
Broker Details
Signature Homes Real Estate Group (207) 730-3071
MLS ID: 021291
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $795,000 |
| No. of Units: | 5 |
| Year Built: | 1880 |
| Lot Size: | 3,180.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $159,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 5 |
ID: 3yd-MREISME-1673817
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
33 + 30 Taylor Road
Westport Island, Maine
52 Willie Street
Lowell, MassachusettsBrokers
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