Courtesy of: Karen Klabacha, RealtyONEGroup Mountain Desert, klabacha@gmail.com
Courtesy of: Karen Klabacha, RealtyONEGroup Mountain Desert, klabacha@gmail.com
$6,995,000
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Lot: 4.82 Acres
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Other
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$6,995,000
860 W Road 1 South -- Whispering Winds is a multi-family mixed use property in the middle of town. It has excellent property management and is 100% occupied. The property consists of 2 commercial buildings w/ 3 office spaces each. Attached to the backside of the office spaces are 9 storage units with internal doors and also exterior rollup doors, and finished with sheetrock and lighting. Gated residential area has 6 duplexes w/ attached one car garages, back patios and fence yards; 3 triplexes, 1 br/1 bath, w/ storage rm, back patios and fenced yards. All built in 2004 w/ new roofs in 2018. There are also, 3 fourplexes, each built in 2018 w/ upgraded interiors. Lg common laundry rm for complex. Each unit is separately metered for water & gas. Property has its own private water company and is on town sewer. Current actual cap rate of 5.98% and easily be increased to 6.34% by increasing below rent leases expiring 2/28/26 to market rents. Seller Carryback possible with 50% down payment.
Courtesy of: Karen Klabacha, RealtyONEGroup Mountain Desert, klabacha@gmail.com
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