170 Elm St, Biddeford, ME 04005

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Building Details:

• Year Built: 1935

Solid money maker in Biddeford. There are four retail units on the first floor; a variety store/redemption center leases three of the units and an owner-run game shop/second hand store occupies the fourth (retail) unit on the first floor. The second and third floor have eight 1-bedroom apartments and one 2-bedroom apartment unit with excellent rental history. The owner will either secure his first floor retail space with a market rate lease or vacate the space if the new owner would prefer to occupy it him or herself.

The owner is in the process of converting the heating system to high efficiency natural gas. The building is well cared for, well managed and updated. Very good numbers reflected in a 15% Cap Rate.