441 & 455 Main ST new Save Request In-Person Tour Request Virtual Tour
South Berwick,ME 03908
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 11,042 sqft
Price per Sqft $176
MLS Listing ID 1619194
Style Other,Dutch Colonial
Full Baths 9
Half Baths 1
Year Built 1912
Annual Tax Amount $12,857
Tax Year 2024
Lot Size 0.700 Acres
Property Description
Two buildings with 10 units and 29 beds across two adjacent parcels in highly desirable South Berwick. Undervalued for the bed count, offering a potential cap rate exceeding 13.16%. There is a third building that can be rebuilt for a quadplex or townhouse condos, for additional value add potential. The first building is an elegant septa(7) decker with all 3 bedrooms each, making it the perfect building for condo conversions. Tour through the units and enjoy the stunning upgrades throughout. Units are all spacious with beautiful hardwood floors and tile flooring throughout, paired with modern touches like granite or quartz countertops, stainless steel appliances, and bright white kitchen cabinets. Each unit also features in-unit washer/dryers, stylish tile backsplashes in bathrooms and kitchens, and access to a back porch deck for outdoor relaxation in the spring time. The second building is a mixed-use triplex with approximately 4,000 square feet, featuring a spacious ground-floor commercial space with large bay windows, ideal for retail or office use, and two large upstairs apartments. The units offer plenty of character with beautiful tin ceilings and hardwood floors. The location is ideal, situated close to town and within a short distance of amenities such as schools, restaurants, and grocery stores. Vaughan Woods State Park and the Naval Shipyard are nearby. It's conveniently less than an hour from Portland, just over an hour from Boston, and 25 minutes from Portsmouth. Offers for both properties as a package will take precedence. Delayed private showings begin on Saturday April 19, 2025 and Monday April 21.
Location
State ME
County York
Zoning B1
Interior
Heating Hot Water,Forced Air,Baseboard
Cooling Other
Flooring Wood,Vinyl,Carpet
Exterior
Parking Features 11 - 20 Spaces,Paved
Utilities Available 1
View Y/N No
Roof Type Other,Rolled/Hot Mop
Building
Lot Description Well Landscaped,Level,Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame