327 Shusta Road

Madison, ME 04950

MLS ID# 1575141 Active
General Commercial

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$1,650,000

7.5 acres

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

Description

Introducing an exceptional investment opportunity in Madison, Maine - a stunning 27-bedroom rooming house situated on an expansive 7.5-acre property. This income-generating property is a testament to exceptional cash flow and low expenses, making it a savvy choice for investors seeking substantial returns. With a total of 27 well-appointed bedrooms, this rooming house offers a consistent and lucrative income stream. The expansive 7.5-acre lot not only adds to the property's allure but also provides room for potential expansion or other future developments. The low operational costs and high occupancy rates ensure that your investment remains profitable, while the scenic surroundings and the charm of Madison, Maine, make it an enticing prospect for both investors and residents. Don't miss this opportunity to acquire a property that combines financial stability with the potential for growth and long-term success. Introducing an exceptional investment opportunity in Madison, Maine - a stunning 27-bedroom rooming house situated on an expansive 7.5-acre property. This income-generating property is a testament to exceptional cash flow and low expenses, making it... show more

Location Information

• Street # 327
• Street Name Shusta
• Street Type Road
• County Somerset
• Town Madison
• State/Province ME
• Zip Code 04950
• Zip +4 4104
• Leased Land No
• Book 5464
• Page 78-79 ALL
• Map 2
• Lot 22-A
• Zoning Res RU
• Tax ID MADN-000002-000000-000022-A000000
• Full Tax Amount 7235
• Tax Year 2022
• Association Y/N No

Property Information

• Primary Use General Commercial
• Surveyed Unknown
• Year Built - 1960
• SqFt Finished Total 8884
• Lot Size Acres +/- 7.5

Compensation & Misc Info

• Buyer Agency 1.6%

Directions

GPS friendly

Details

• Commercial Bldg Information

  Gross Income:206576, Operating Expenses:93937

• Construction

  Wood Frame

• Property Uses

  Commercial, Hotel/Motel

• Basement

  Unfinished

• Exterior

  Vinyl Siding

• Roof

  Metal

• Heat System

  Baseboard, Hot Water

• Heat Fuel

  Oil

• Building Features

  Fire System, Internet Access Available

• Parking

  21+ Spaces, Garage, On Site

• Electric

  Circuit Breakers

• Sewer

  Private Sewer

• Water

  Private