Arundel ME Multi Family for Sale
$2,100,000
34 Road Arundel, ME 04046
- Type:
- Multi-Family
- Sq.Ft.:
- 15,164
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.54 Acres
- Year built:
- 1996
- Baths:
- 8.00
- MLS#:
- 1599977
View additional info
Courtesy: Realty Sales Inc
207-252-7474
ADDITIONAL INFORMATION
Diversified Income Property With Income Expansion Availability ! Two large buildings 'fully sprinklered' on 2.54 acres with parking for 42 cars. The front building consists of four levels of commercial or residential space or both offering 6,900 SF above grade & 2,640 SF of a partially finished basement with a full walk out stairway on each end of the building. The front tenant pays the heat & electricity. The rear building consists of 5,936 SF, two levels of living space offering Four-3 bedroom ''loft style'' apartments & a one car garage. The electricity & heat are included in the rear buildings monthly rent. The front building is currently being leased as a daycare mainly occupying the 1st level & the outside playground. The 2nd floor, 3rd floor & basement levels have room for future ''major income expansion'' after the lease terminates. All the current leases are below market rate. The front building has a floor plan for 6 apartments. Zoning will allow for 10 apartments total. This property would also make a great 10 unit condo conversion offering very large loft style units, or an office building, restaurant or a combination of uses. 3 minute drive to Kennebunkport's Dock Square & Beaches. Many different options for the creative investor. Great existing tenants. Very nice property & well maintained. Terrific location. Well worth previewing! Seller will contribute towards buyers closing costs.
Arundel Real Estate
The median home value in Arundel, ME is $563,349. This is higher than the county median home value of $425,900. The national median home value is $338,100. The average price of homes sold in Arundel, ME is $563,349. Approximately 73.56% of Arundel homes are owned, compared to 14.83% rented, while 11.61% are vacant. Arundel real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Arundel real estate agent to arrange a tour today!
Arundel, Maine has a population of 4,253. Arundel is less family-centric than the surrounding county with 24.83% of the households containing married families with children. The county average for households married with children is 27.9%.
The median household income in Arundel, Maine is $83,448. The median household income for the surrounding county is $73,856 compared to the national median of $69,021. The median age of people living in Arundel is 46.3 years.
Arundel Weather
The average high temperature in July is 78.9 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 49.8 inches per year, with 59.4 inches of snow per year.