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14 Charles Street, Berwick, ME 03901

$750,000
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Pending
BEDS7 BATHS4 full SQUARE FEET2,638 MLS#5081490
STATUSPending PROPERTY TYPEMulti Unit - Multiple

Listing Courtesy of: SRE Brokers
Agency Phone: 603-431-1443
Associate Name: Debbie Mae Kershaw
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Property Description

Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable. Actual Gross Income with Unit 3 vacant $68,160, Projected with Unit 3 filled $86,760. Expenses $13,624 (Trash, Water/Sewer, Insurance, Taxes)

14 Charles Street | MLS# 5081490

This multi-family property located at 14 Charles Street, Berwick, ME 03901 is currently listed for sale with an asking price of $750,000. Search Berwick real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Ductless
Heating: Baseboard, Electric, Hot Water, Ductless
Home Style: Multi-Family
Lot Size: 0.28 Acres
Roof Type: Metal, Asphalt Shingle
Stories: 3.0
Taxes: $6,317
Year Built: 1920

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 3
Rent: $2409.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1800.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1550.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1471.00

Feature Descriptions

Construction: Wood Frame
Construction Status: Existing
Days on Site: 16
Driveway: Paved
Driveway: Paved
Electric: Circuit Breaker(s)
Exterior: Wood Frame
Flood Zone: Unknown
Flooring: Laminate
Foundation: Block, Brick, Stone
Foundation: Block, Brick, Stone
Lot: City Lot
Parking: Driveway, On-Site, Parking Spaces 6+, Paved
Roads: Public Maintained Road
Sewer: Public
Sq. Ft. Above Grade Finished: 2638
Sq. Ft. Below Grade Unfinished: 836
Sq. Ft. Total Finished: 2638
Total Stories: 3
Units: 4
Water: Public
Zoning: R1

Listed By / Shown By

Listed By

Agency Name: SRE Brokers
Agency Phone: 603-431-1443
Agent Name: Debbie Mae Kershaw

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Estimated Payment

$ 2,414.34 per month $1,669.17 Principal & Interest $526.42 Property Tax $218.75 Homeowner's Insurance

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