1 Depot Street, Livermore Falls, ME, 04009 | $325,000

See MLS#1621732 for more details. Great investment potential. Building is roughly 8, 700 SF and currently has 4 commercial spaces and 3 apartments with the potential to add 3 more apartments on the second floor or additional commercial space. Engineering/Architectural drawings are included to turn the second floor space into an event center upon request. Potential to add additional commercial space in basement as well with its own kitchenette only requiring minimal buildout. Building comes with parking lot in back and the potential to purchase an additional attached parking lot from the City for $15, 000 per current owner.

(2) of the (4) commercial units are presently occupied by an insurance agency and a therapist. (1) of the (3) residential units are presently occupied. Rent on all units is at $700 per month. With a current rental income is $2, 100 per month and a potential income of $4, 900 per month ($58, 800/Yr) at the current rates and in its current state. Operating expenses are roughly $21, 000 per year

Please see MLS multi-family listing #1621732 for additional information.

Features