366 Main Street
Yarmouth, ME 04096
$975,000
Last Sold Price
7
Beds
4
Baths
3,958 Sq. Ft.
$246 / Sq. Ft.
3,958
Sq. Ft.
$246
per Sq. Ft.
Closed 11/14/24
Closed 11/14/24
Description
Prime Location in Downtown Yarmouth, on the corner of Main Street and West Elm, across from Dandy's Handy Store. This 4-unit offers THREE 2-bedroom units and ONE 1-bedroom unit, a large basement for storage and utilities, and off street parking on 3 sides of the building for all the tenants. Every unit has a washer/dryer hookup. Tenants are all month-to-month and the seller has never had any difficulty filling vacancies when they do come up. Unit 3 was renovated a couple of years ago, including new...Prime Location in Downtown Yarmouth, on the corner of Main Street and West Elm, across from Dandy's Handy Store. This 4-unit offers THREE 2-bedroom units and ONE 1-bedroom unit, a large basement for storage and utilities, and off street parking on 3 sides of the building for all the tenants. Every unit has a washer/dryer hookup. Tenants are all month-to-month and the seller has never had any difficulty filling vacancies when they do come up. Unit 3 was renovated a couple of years ago, including new windows and flooring. Tenants pay their own electric, cable, internet, trash and snow removal and the landlord pays for oil, water, sewer and does the minimal amount of mowing needed. Maximize your investment by taking advantage of current market rents, or maybe install 4 separate heating systems and turn that expense over to the tenants. Or simply let it cash flow as-is. Please provide proof of funds or a pre-approval letter from a lender prior to requesting a showing. Seller Concessions Available with the right offer.
- Listed by Ann Cianchette • Keller Williams Realty • info@MaineDreamProperties.com
Property Details for 366 Main Street
Waterfront
No
ArchitecturalStyleRanch
Garage Spaces.00
GarageNo
ZoningCD-4 Village Ctr
LISTING UPDATED: 11/14/2024 03:13 PM
Property Details for 366 Main Street
| Status | Closed |
|---|---|
| MLS # | 1605467 |
| Days on Market | 6 |
| Taxes | $9,011 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1945 |
| Lot Size | 0.17 AC / 7,405 SF |
| County | Cumberland County |
Building Information for 366 Main Street
Stories1Residences4Year Built1945Building Size-Lot Size0.17 AC / 7,405 SF
Property Information for 366 Main Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 7947
- Directions: Corner of Main Street and West Elm Street. Please park on street. Tenants park on 3 sides of the building.
- Town: Yarmouth
- State/Province: ME
- Zip Code: 04096
- County: Cumberland
- Geo Latitude: 43.803367
- Geo Longitude: -70.193638
- Tax Lot: 24
- Site:Corner Lot: Yes
- Site:Level: Yes
- Site:Sidewalks: Yes
- Location:Intown: Yes
- Transportation:Public Transport Access: Yes
- Recreational Water:Nearby: Yes
- Recreational Water:Public: Yes
Parking
- Parking Features: 5 - 10 Spaces, Paved, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 28630
- Tax Map Number: 41
- Tax Year: 2023
- Parcel Number: YMTH-000041-000000-000024
- Location Information:Association Y/N: No
- Tax Annual Amount: $9,011.00
- Restrictions:No Restrictions: Yes
School Information
- School District: Yarmouth Schools
Property
Green Features
- Energy Efficiency:Storm Doors: Yes
Heating and Cooling
- Water Heater:Oil: Yes
- Water Heater:Tank: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 3958.0
- Lot Size Acres: 0.17
- Source of Acreage: Public Records
- Building Area Total: 3958.0
- Lot Size Area: 0.17
- Lot Size Units: Acres
- Lot Size Square Feet: 7405.2
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 366
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Trustee
- Property Information:Deed: All
- Property Information:Deed Restrictions: Unknown
- Property Information:Bank Owned REO: No
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: .00
- Property Information:Color: Gray
- Property Information:Source of Road Frontage: Public Records
Parking
- Driveway:Paved: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1945
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Shingle Siding, Wood Frame
- # Fireplaces: 0
- Fireplace: No
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Flat, Membrane
Interior Features
- Basement: Crawl Space, Full, Interior Entry, Unfinished
- Flooring: Wood, Vinyl, Tile, Carpet
- Interior Features: 1st Floor Bedroom, One-Floor Living, Storage
- Cooling: None
- Heating: Forced Air
- Foundation Details: Block
- Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
- # Stories: 1
- # Floors: 1
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $58,500.00
- Operating Expenses: $22,220.00
Multi-Family Information
- Number of Units: 4
- Building Info:# Fireplaces: 0
- Building Info:# Stories: 1
- Building Info:# Floors: 1
- Building Info:# Heating Units: 1
- Building Info:# Water Heaters: 1
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $1,200.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 4.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,300.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: First
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $1,500.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 4.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: First
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $875.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 3.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: Yes
- Unit 4:Range: No
- Unit 4:Refrigerator: No
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 1
- Units:# of 2 BD Units: 3
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 366 Main Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 366 Main Street
Taxable ValueLand$153,300Additions$229,500Total$382,800
Tax Record2024$9,826 ($819 / month)
Home Facts
Baths4Total Finished SqFt3,958 SqFtAbove Grade Finished SqFt3,958 SqFtStories1Lot Size7,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1945Year Renovated1990Zoning13CountyCUMBERLANDAPNYMTH M:041 L:024
Schools near 366 Main Street
This home is within Yarmouth Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 1 | |||
| Public - | 2 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
William H Rowe School PublicPK to 1 | ||
Yarmouth Elementary School Public2 to 5 | ||
Frank H Harrison Middle School Public6 to 8 | ||
Yarmouth High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
