About this home
This in-town multi-family property presents a unique investment opportunity. Combining commercial shop space, office space, and ample storage, this property features 1.48 acres with direct access to both Spring Street and Birch Avenue, ensuring ample parking and versatile use. The standout feature is the 4,798 sq. ft. 4-unit apartment building, built in 2003, which is connected to a 2,653 sq. ft. office and heated shop space. Additionally, there is direct access to a 2,240 sq. ft. cold-storage building, enhancing the property's potential. This property includes a separate detached garage for additional storage, making it a great investment opportunity.
Listing last checked: Listing updated:
Listed by Listing Agent · Realty of Maine · MLS #1653122
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Details at a glance
Interior3 property facts
- Heating
- Propane, Baseboard, Hot Water, Zoned
- Cooling
- None
- Flooring
- Carpet, Laminate, Tile, Vinyl, Wood
Building5 property facts
- Style
- Other
- Year built
- 2003
- Garage
- 10
- Foundation
- Slab
- Roof
- Fiberglass, Metal, Shingle
Land & utilities4 property facts
- Lot size
- 1.48 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- DT
Financial2 property facts
- Annual taxes
- $9,516
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,355 / monthAdjust
- Principal & interest
- $5,562
- Property tax
- $793
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,516. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 62 Spring Street
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Request a tour of 62 Spring Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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