Investor opportunity to own this spacious 6 - unit multi-family property, each unit has 1 bedroom 1 bath and its own dedicated utilities. The property offers ample off-street parking and great yard space on .40 acre lot. Conviently located near the ME-NH line. Open House November 2 10-12
Location! Location! Location! Don't miss this incredible opportunity to invest in a true side-by-side, 3,150 SF duplex with a potential cap rate of over 11%. This oversized two-unit property boasts character with hardwood floors, crown molding, tray ceilings, large spacious rooms, high ceilings, and plenty of natural light throughout. With four bedrooms on one side and two bedrooms on the other, plus the possibility of adding two more bedrooms in the unfinished attic, this duplex offers ample living space and customization potential. Highlights include a farmer's porch, an oversized lot, separate utilities, and plenty of room for parking with an open backyard. A lot of work has been completed in the unit with a brand new back porch roof, new boiler, and a completely renovated basement with new concrete flooring, perimeter drain, and sump pump system. Situated in a prime Berwick location with SAD #60 around the corner, this property is central to all amenities and just a hop across the bridge to Somersworth, NH, twenty minutes to York, ten minutes to Dover, and twenty-five minutes to Portsmouth—ideal for travelers! Add your personal touches and preferences to make this property truly yours. Why pay a full mortgage when you can live in one unit and have the other unit cover the cost? Exterior trim and decks need paint.
The median home value in Berwick, ME is $407,500. This is lower than the county median home value of $425,900. The national median home value is $338,100. The average price of homes sold in Berwick, ME is $407,500. Approximately 75.46% of Berwick homes are owned, compared to 14.79% rented, while 9.75% are vacant. Berwick 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 Berwick real estate agent to arrange a tour today!
Berwick, Maine has a population of 7,891. Berwick is more family-centric than the surrounding county with 33.08% of the households containing married families with children. The county average for households married with children is 27.9%.
The median household income in Berwick, Maine is $75,541. 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 Berwick is 40.1 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 13.5 degrees. The average rainfall is approximately 49.5 inches per year, with 51.5 inches of snow per year.