356 Elm Street

Biddeford, ME 04005

MLS ID# 1580467 Active

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$745,000

1 parking spaces

3598 sqft

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

Description

ROUTE 1 EXPOSURE WITH A HIGH TRAFFIC COUNT located at the 5 points intersection. 3.5 % DOWN PAYMENT-96.5 % FHA FINANCING AVAILABLE. This property is located in the B2 business zone and allows many different commercial & residential uses. Currently this building is utilized as a 4 unit apartment building, but it can additionally allocate for combined commercial & residential usage. This is an ideal diversified income producing property. Run your business from the large 1st floor front unit with the extensive route 1 exposure and collect the rent from the other three tenants. Don't let this location pass you by. The real estate being conveyed is the right side of the building only. The left side of the building is owned by someone else (360-364 Elm St) but is available for purchase. One structure with a center party wall separation. 24 HOUR NOTICE REQUIRED FOR SHOWINGS. ROUTE 1 EXPOSURE WITH A HIGH TRAFFIC COUNT located at the 5 points intersection. 3.5 % DOWN PAYMENT-96.5 % FHA FINANCING AVAILABLE. This property is located in the B2 business zone and allows many different commercial & residential uses. Currently t... show more

Location Information

• Street # 356
• Street Name Elm
• Street Type Street
• County York
• Town Biddeford
• State/Province ME
• Zip Code 04005
• Leased Land No
• Book 17292
• Page 156-157
• Map 27
• Lot 177
• Zoning B2
• Zoning Overlay Unknown
• Tax ID 356ElmBiddeford04005
• Association No
• Full Tax Amount 6351
• Tax Year 2024

Property Information

• Surveyed Yes
• Seasonal No
• Number of Units 4
• Total Baths 4
• Total Full Baths 4
• Total Half Baths 0
• Year Built 1890
• SqFt Finished Above Grade 3598
• SqFt Finished Below Grade 0
• SqFt Finished Total 3598
• SqFt Source Public Records
• Garage Yes
• Garage Spaces 1
• Lot Size Acres +/- 0.35
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2%

Directions

5 Points Intersection. Across the street from People's Choice Credit Union. Corner lot property. Sign out front.

Details

• Site

  Corner Lot, Level, Sidewalks

• Roads

  Public

• Transportation

  Major Road Access, Public Transport Access

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:41100, Operating Expenses:15265

• Units

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

• Unit 1

  No Lease, Level:First, Security Deposit, Monthly Rent:800, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  No Lease, Level:First, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  No Lease, Level:Second, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

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

• Style

  Other Style

• Construction

  Wood Frame

• Basement

  Dirt Floor, Full, Unfinished

• Basement Entry

  Interior

• Foundation Materials

  Granite

• Exterior

  Asbestos, Vinyl Siding

• Roof

  Pitched, Shingle

• Heat System

  Baseboard, Hot Water, Multi-Zones

• Heat Fuel

  Oil

• Water Heater

  Off Heating System

• Cooling

  None

• Floors

  Carpet, Tile, Vinyl, Wood

• Amenities

  Bathtub

• Patio and Porch Features

  Porch, Porch-Screened

• Driveway

  Paved

• Parking

  5 - 10 Spaces, Off Street, On Site, Paved

• Vehicle Storage

  1 Car

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public