75 Water Street
Hallowell
$4,801,500
Active Under Contract Multi-Family MLS# 1598564
  • Type: Multi-Family
  • Year Built: 1860
  • 46 Units
  • 40 Baths
  • 45,505 SqFt
  • 5.47 Acres
  • Waterbody: Kennebec River
  • Waterbody Type: River
Listed By:
AllMaineHomes

Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.

  • Style Cape, Colonial, Farmhouse, Multi-Level, Ranch
  • Year Built 1860
  • Lot Size 5.47 acres
  • SQFT Finished Above Grade 45505
  • County Kennebec
  • City Hallowell
  • Zone Downtown
  • Location Business District, Intown, Near Shopping
  • Water Frontage No
  • Water Body Type River
  • Water Body Name Kennebec River
  • Seasonal No
  • Full Tax Amount $46,502.00
  • Tax Year 2023
  • Association Fee $0.00
  • Total Units 46
  • Baths Total 40
  • Baths Full 31
  • Baths Half 9
  • Basement Bulkhead, Crawl Space, Daylight, Dirt Floor, Full, Partial, Unfinished, Walkout Access
  • Construction Wood Frame
  • Exterior Brick, Clapboard, Shingle Siding, Vinyl Siding, Wood Siding
  • Foundation Materials Block, Brick/Mortar, Granite, Pillar/Post/Pier, Poured Concrete, Slab, Stone
  • Basement Bulkhead, Crawl Space, Daylight, Dirt Floor, Full, Partial, Unfinished, Walkout Access
  • Roof Flat, Membrane, Metal, Pitched, Shingle, Slate
  • Floors Carpet, Concrete, Laminate, Tile, Vinyl, Wood
  • Heat System Baseboard, Direct Vent Furnace, Direct Vent Heater, Forced Air, Heat Pump, Hot Water, Multi-Zones, Radiator
  • Heat Fuel Electric,Gas Bottled,Gas Natural,Oil,Propane
  • Gas Bottled,Natural - At Street
  • Water Heater Electric
  • Electric No
  • Water Yes
  • Waste Water Disposal Yes
  • Driveway Common, Gravel, Paved
  • Parking 21+ Spaces, Off Street, On Street, Paved
  • Roads Paved, Public