107 State Street
107 State Street
Brewer, ME 04412
$415,000
Price
7
Beds
4
Baths
2,937 Sq. Ft.
$141 / Sq. Ft.
2,937
Sq. Ft.
$141
per Sq. Ft.
Pending
Pending
Description
Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate,...Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate, this easy-to-maintain building has new heat pumps, two remodeled apartments, and a fresh exterior paint job. 107 State St presents an excellent opportunity to secure a high-performing asset without much needed work upon closing. Don't miss out on this chance to elevate your investment portfolio. Schedule a viewing today!
- Listed by Davian Akers • Keller Williams Realty
- Listed by James Cash • Keller Williams Realty
Property Details for 107 State Street
Waterfront
No
ArchitecturalStyleMulti-Level
Garage Spaces.00
GarageNo
ZoningHDR
Location
Listing Courtesy of Keller Williams Realty
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LISTING UPDATED: 05/09/2024 03:44 PM
Property Details for 107 State Street
| Status | Pending |
|---|---|
| MLS # | 1578082 |
| Days on Market | 152 |
| Taxes | $5,936 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Penobscot County |
Location
Listing Courtesy of Keller Williams Realty
Add your commute
Building Information for 107 State Street
Stories2Residences4Year Built1900Building Size-Lot Size0.20 AC / 8,712 SF
Payment Calculator
$2,759 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,265
Property Taxes
$495
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 107 State Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 1996
- Town: Brewer
- State/Province: ME
- Zip Code: 04412
- County: Penobscot
- Geo Latitude: 44.793066
- Geo Longitude: -68.75877
- Tax Lot: 153
- Site:Level: Yes
- Location:Intown: Yes
- Location:Near Shopping: Yes
- Location:Neighborhood: Yes
Parking
- Parking Features: 5 - 10 Spaces, Gravel, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 16814
- Tax Map Number: 30
- Tax Year: 2024
- Parcel Number: BRER-000030-000000-000153
- Location Information:Association Y/N: No
- Tax Annual Amount: $5,936.00
- Restrictions:No Restrictions: Yes
Virtual Tour
- Virtual Tour URLUnbranded: https://www.propertypanorama.com/instaview/mreis/1578082
Property
Heating and Cooling
- Water Heater:Electric: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2937.0
- Lot Size Acres: 0.2
- Source of Acreage: Public Records
- Building Area Total: 2937.0
- Lot Size Area: 0.2
- Lot Size Units: Acres
- Lot Size Square Feet: 8712.0
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 107
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Total Half Baths: .00
- Property Information:Color: White
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Documents Available: Deed Public Access, Plot Plan Public Access, Property Disclosure Public Access, Lead Paint Addendum Public Access
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: True
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Vinyl Siding, Aluminum Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Metal
- Other Structures: Shed(s)
Interior Features
- Basement: Bulkhead, Brick/Mortar, Full, Exterior Entry, Exterior Only, Unfinished
- Flooring: Vinyl, Laminate, Carpet
- Interior Features: Bathtub
- Cooling: Heat Pump
- Heating: Heat Pump
- Foundation Details: Brick/Mortar
- Laundry Features: Washer Hookup
- # Stories: 2
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $56,400.00
- Operating Expenses: $3,960.00
Multi-Family Information
- Number of Units: 4
- Building Info:# Floors: 2
- Building Info:# Heating Units: 4
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $1,100.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 4.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: No
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: Yes
- Unit 2:Level: First
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,350.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: No
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: Yes
- Unit 3:Level: Second
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $1,300.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 4.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: No
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: Yes
- Unit 4:Level: Second
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $950.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 4.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: No
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 4
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 107 State Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 107 State Street
Taxable ValueLand$33,700Additions$261,700Total$295,400
Tax Record2023$5,938 ($495 / month)
Home Facts
Baths4Total Finished SqFt2,937 SqFtAbove Grade Finished SqFt2,937 SqFtStories2Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningORCountyPENOBSCOTAPNBRER M:30 L:153
Schools near 107 State Street
This home is within Brewer Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Private - | 1 to 12 | |||
| Private - | 5 to 6 |
Rating | School | Distance |
|---|---|---|
Brewer Community School PublicPK to 8 | ||
Brewer High School Public9 to 12 | ||
Stillwater Academy Private1 to 12 | ||
Northeast Occupational Exchange Private5 to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
