• Year Built: 1920
19 James Street is amulti-family property for lease in Auburn, ME.
This 6-unit apartment building located within walking distance of Downtown Auburn is currently 100% leased (as of Nov. 2014) and has received a brand new high efficient heating system that heats the entire building. The basement was also spray-insulated which will yield large savings for this up-coming year and beyond. Tenants pay their own electricity in this unique building design. The entire property consists of what appears to be two 3-unit buildings connected to each other. The building offers off-street parking.
The unit mix of the building includes six 2-bedroom units. As of November 2014 the building is 100% occupied with rents ranging from $475 to $650 with a total gross annual income of $39,900. See brochure for cash flow model.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.