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27 Summer Street
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Sold

27 Summer Street

27 Summer Street, Biddeford, ME 04005

$545,000
Perched on the edge of Biddeford's vibrant downtown, this attractive brick 2-unit is just a few short blocks away from amazing restaurants, breweries, and distilleries, which translates to an abundant pool of tenants as everyone wants to be near the action. But what really sets this building apart, is that in addition to its long-term units, it has an extensively renovated lockout unit with its own ensuite bathroom that creates the perfect setup for a short-term rental. You couldn't ask for a better entry point into the short-term rental space as you have rental income from two long-term units to help offset the vacancies between bookings creating a more consistent income stream. For the investor who plans to self-manage and maximize STR income, this building could easily cash flow. And we're talking cash flow after taking into account repairs AND vacancies. When was the last time you encountered a 2-unit that could boast that?! Newly installed replacement windows are the cherry on top. Such a great building to add to your portfolio!

3
baths

2,854 Sq.Ft. LIVING AREA

2,613.6 Sq.Ft. lot

Jeremy Lock

Jeremy Lock

Features & Amenities

Interior

  • Total bathrooms3
  • full bathrooms3
  • Flooring Wood, Vinyl

Area & Lot

  • Status Sold
  • Living Area2,854 Sq.Ft.
  • Lot Area2,613.6 Sq.Ft.
  • MLS® ID1570519
  • TypeMulti-Family
  • YEAR BUILT1900
  • Architecture StylesMulti-Level

Exterior

  • STORIES2
  • water SourcePublic
  • roofMembrane, Shingle
  • lot featuresCorner Lot, Sidewalks, Intown, Near Shopping
  • parkingNo Driveway, On Street
  • HEAT TYPEHot Water, Baseboard
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$545,000
  • Real Estate Tax $3,776/yr
  • Zoning MSRD2

Work With Us

Waypoint Brokers Collective is dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact us today so we can guide you through the buying and selling process.

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