1 Summer Street

Freeport, ME 04032

MLS ID# 1585085 Active

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$899,000

2975 sqft

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

Description

Rare 4-family in the Freeport Village. Once a Bed and Breakfast, the cozy units are now used as traditional year-round rentals. In addition to the outstanding location and walkability, the units have a funky charm which makes for comfortable homes for the residents. The building features ample parking, a shared laundry room, front and rear porches, and two new heating systems. The largest of the units has 3 bedrooms and 2.5 bathrooms with a private front porch. Also on the first floor you'll find a spacious 1 bedroom unit with floor-to-ceiling picture windows overlooking the backyard. The second floor has a 2 bedroom 2 bathroom unit along with a studio which could be combined with another unit, or utilized as a separate office, artist's space or any other number of uses. 1 Summer Street is ideally located for short or long term tenants with convenient access to the retail outlet shops, breweries and restaurants, and coffee and chocolate shops - all the freeport village has to offer. Rare 4-family in the Freeport Village. Once a Bed and Breakfast, the cozy units are now used as traditional year-round rentals. In addition to the outstanding location and walkability, the units have a funky charm which makes for comfortable homes f... show more

Location Information

• Street # 1
• Street Name Summer
• Street Type Street
• County Cumberland
• Town Freeport
• State/Province ME
• Zip Code 04032
• Zip +4 1133
• Leased Land No
• Book 33693
• Page 0296
• Map 9
• Block 6D
• Lot 0
• Zoning Village Commercial
• Zoning Overlay No
• Tax ID FPRT-000009-000006-D000000
• Association No
• Full Tax Amount 7815
• Tax Year 2024

Property Information

• Surveyed No
• Seasonal No
• Number of Units 4
• Total Baths 7
• Total Full Baths 6
• Total Half Baths 1
• Year Built 1910
• SqFt Finished Above Grade 2975
• SqFt Finished Below Grade 0
• SqFt Finished Total 2975
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.64
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2.5%

Details

• Site

  Open

• Roads

  Paved, Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:85572, Operating Expenses:27335

• Units

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

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1900, # Full Baths:2, # of Half Baths:1, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:First, Security Deposit, Monthly Rent:1170, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:First, Security Deposit, Monthly Rent:1425, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:Second, Security Deposit, Monthly Rent:1586, # Full Baths:2, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Multi-Level

• Construction

  Wood Frame

• Basement

  Full, Unfinished

• Basement Entry

  Interior

• Exterior

  Wood Siding

• Roof

  Shingle

• Heat System

  Baseboard

• Heat Fuel

  Gas Bottled, Oil

• Water Heater

  Electric, Off Heating System

• Cooling

  None

• Floors

  Wood

• Driveway

  Gravel

• Parking

  5 - 10 Spaces

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Bottled

• Sewer

  Public Sewer

• Water

  Public