1088 Roosevelt Trail

Windham, ME 04062

MLS ID# 1517915 Closed

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Closed $950,000

4623 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

Description

Unique opportunity near the edge of Sebago Lake. This property consists of a duplex and 6 single-family year-round cottages. Beautiful right of way to open Sebago Lake with Association, dock and access is only steps away from the property. Fantastic opportunity to possibly redevelop into short-term vacation rentals, Airbnb, or possible condominium conversion. Or, add cosmetics to increase the rental income substantially. Some long-term tenants. Mix of units consists of one efficiency, five 1-bedroom units and two 2-bedroom units. Great visibility right on Route 302, and very close to North Windham and Raymond. Also listed commercially, see MLS #1517924 Unique opportunity near the edge of Sebago Lake. This property consists of a duplex and 6 single-family year-round cottages. Beautiful right of way to open Sebago Lake with Association, dock and access is only steps away from the property. Fantasti... show more

Location Information

• Street # 1088
• Street Name Roosevelt
• Street Type Trail
• County Cumberland
• Town Windham
• State/Province ME
• Zip Code 04062
• Zip +4 5700
• Leased Land No
• Book 34346
• Page 0281
• Map 77
• Lot 52
• Zoning RL
• Zoning Overlay Unknown
• Tax ID WINM-000077-000000-000052
• Association Yes
• Association Fee 275
• Fee Frequency Paid Annually
• Full Tax Amount 7896
• Tax Year 2022

Property Information

• Surveyed Unknown
• Seasonal No
• Deed/Conveyance Type Offered Warranty
• Deed Restrictions Unknown
• 2 Detached Houses on 1 Lot Yes
• Number of Units 8
• Total Baths 8
• Total Full Baths 8
• Total Half Baths 0
• Color Yellow
• Year Built 1900
• SqFt Finished Above Grade 4623
• SqFt Finished Below Grade 0
• SqFt Finished Total 4623
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 1.3
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2.5%

Directions

Roosevelt Trail Windham (Route 3020) head North towards Raymond to #1088 Roosevelt Trail on your left. Just beyond Lakehurst Ave.

Details

• Site

  Open, Right of Way

• Roads

  Paved, Public

• Water Info

  Water Frontage, Waterfront Amount:50, Water Frontage Owned:0, Water Frontage Shared:50, Water View, Water Body Name:Sebago Lake

• Source of Water Frontage

  Deed, Public Records, Seller

• Water Body Type

  Lake

• Recreational Water

  Beach Rights, Lake/Fresh Water

• Building Info

  # Stories:2, # Floors:2, # Heating Units:8, # Water Heaters:8

• Income & Expenses

  Gross Income:84900, Operating Expenses:21696

• Units

  # of 1 BD Units:6, # of 2 BD Units:2, # of 3 BD Units:0, # of 4+ BD Units:0

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1300, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:First, No Security Deposit, Monthly Rent:825, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  No Lease, Level:First, No Security Deposit, Monthly Rent:825, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  No Lease, Level:First, No Security Deposit, Monthly Rent:775, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  No Lease, Level:First, No Security Deposit, Monthly Rent:850, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 6

  No Lease, Level:First, No Security Deposit, Monthly Rent:700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 7

  No Lease, Level:First, No Security Deposit, Monthly Rent:825, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 8

  Lease, Level:First, Security Deposit, Monthly Rent:975, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Style

  Cottage

• Construction

  Wood Frame

• Basement

  Bulkhead, Crawl Space, None, Partial

• Basement Entry

  Bulkhead, Not Applicable

• Foundation Materials

  Block, Pillar/Post/Pier, Poured Concrete, Slab

• Exterior

  Vinyl Siding

• Roof

  Pitched, Shingle

• Heat System

  Baseboard, Heat Pump, Hot Air, Space Heater

• Heat Fuel

  Electric, K-1/Kerosene, Oil

• Water Heater

  Electric

• Cooling

  Heat Pump, None

• Floors

  Carpet, Laminate, Vinyl

• Patio and Porch Features

  Deck, Porch

• Equipment

  Cable, Internet Access Available

• Energy Efficiency

  Double Pane Windows

• Driveway

  Common, Paved

• Parking

  11 - 20 Spaces

• Vehicle Storage

  No Vehicle Storage

• Restrictions

  No Restrictions

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Septic Existing on Site

• Water

  Public

• Sold Info

  Buyer's Zip Code:04092, Seller Contributions:120000, Appraiser:888888, Appraiser Name:No Appraisal

• Sold Terms

  Cash

• Sold Terms Other

  Not Applicable