Courtesy: RE/MAX Shoreline
603-431-1111
SELLER FINANCING AVAILABLE & PREFERRED*. Look no further -- this is the quadplex everyone has been waiting for with a potential cap rate of 9.05%. Meticulously maintained with 3,900+ SF in desirable Freeport, this property features spacious units and potential for condo conversion, offering more value in the sum of the parts. Step inside and tour the units, each one fully updated throughout. The kitchens feature granite countertops in some units, stainless steel appliances, and recessed lighting. Flooring has been refreshed throughout, including hardwood floors in select units. Bathrooms are also updated with newer tubs, vanities, and flooring, and the pine hallway walls add character and warmth. Some units also offer porch access, a great spot to enjoy the spring and summer months with family and friends. Major improvements include 4 newer heating systems (with some mini-splits), paved driveways, updated plumbing, insulated windows, and repointed chimneys and foundations. Owners benefit from low expenses with separate utilities for each unit, while tenants enjoy off-street parking, washer/dryer access, storage, and a spacious backyard. All of this is just a short walk to downtown Freeport -- known for its shops, restaurants, and coastal village charm -- while still maintaining privacy and a residential feel. Ideal for either short-term rentals, owner occupants or strong long-term income for investors.
Freeport is located in Maine. Freeport, Maine has a population of 8,622. Freeport is less family-centric than the surrounding county with 29.59% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Freeport, Maine is $86,870. The median household income for the surrounding county is $80,679 compared to the national median of $69,021. The median age of people living in Freeport is 47.7 years.
The average high temperature in July is 78.7 degrees, with an average low temperature in January of 9.6 degrees. The average rainfall is approximately 50 inches per year, with 72.1 inches of snow per year.
