530 Main Street, Biddeford, ME 04005 ⋆

530 Main Street, Biddeford, ME 04005

$1,500,000

Property Type: Multi-Family Baths: 8 Square Footage: 7,034 Lot Size (sq. ft.): 34,848 Status: Closed

Current Price: $1,500,000 List Date: 1/03/2022 Last Modified: 1/10/2025

Overview

Description

TURN-KEY (meticulously maintained) building - eight-unit investment opportunity for qualified professionals! Built by the sellers in 1982, this property has been consistently updated and cared for with pride and passion, for the last 40 years! All units (Townhouses) tastefully feature two floors; two-bedrooms; spacious rooms; washer/dryer hookup; new flooring in most units; private patio overlooking the Saco River. The building features a new roof; is well insulated and energy-efficient; new egress windows on the backside; off-street parking; storage space; long-term, professional tenants (T.A.W.); old and quiet neighborhood. The pictures represent three units only – all units are identical in design and equal in condition! The rents are below market value and all units are Tenants at Will. In town location is within walking distance to the high school and close to the revitalized and thriving downtown with all its amenities (restaurants, bars, brew-pubs, Amtrak, Turnpike and shoppi ... (Read more)

Listing Details MLS# 1517297

Location Information

Street #: 530
Street Name: Main
Street Type: Street
County: York
Town: Biddeford
State/Province: ME
Zip Code: 04005
Zip +4: 2196
Leased Land: No
Book: 06315
Page: 0323
Map: 36
Block: 11
Lot: 000
Zoning: R1B
Zoning Overlay: No
Association: No
Full Tax Amount $: 8786
Tax Year: 2020

Contract Information

Original List Price: 1500000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 8
Total Baths: 8
Total Full Baths: 8
Color: Tan/Red
Year Built: 1982
SqFt Finished Above Grade: 7034
SqFt Finished Total: 7034
SqFt Source: Public Records
Other Source of Square Footage: Units are 864 sqft
Garage: No
Lot Size Acres +/-: 0.8
Source of Acreage: Public Records
Road Frontage: No
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2022-01-09
Closed Date: 2022-03-31
Closed Price: 1500000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Saco River

Units

# of 2 BD Units: 8

More Information

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 835
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: No
Level: Basement
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 300
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 875
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: larry@theappraisalcompany.us

Site

Level: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Public Beach: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Water Body Type

River: Yes
Stream: Yes

Recreational Water

Nearby: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Structure Type

Townhouse: Yes

Levels

Multi-Level: Yes

Basement

Full: Yes
Unfinished: Yes

View

Trees/Woods: Yes

Foundation Materials

Poured Concrete: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes

Energy Efficiency

Ceiling Fans: Yes

Heat Fuel

Oil: Yes

Income & Expenses

Gross Income: 84120
Operating Expenses: 21354

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Tile: Yes

Parking

11 - 20 Spaces: Yes
Off Street: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

No Gas: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Doghouse: Yes

Water Heater

Oil: Yes

Window Features

Low-Emissivity Windows: Yes

Amenities

Bathtub: Yes
Fence: Yes
Laundry - 2nd Floor: Yes
Laundry - Hookup: Yes
Shower: Yes
Storage: Yes

Patio and Porch Features

Patio: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Sidewalks Location: Intown; Near Public Beach; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Water Body Type: River; Stream Recreational Water: Nearby View: Trees/Woods Style: Other Structure Type: Townhouse Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Doghouse Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Oil Cooling: None Floors: Carpet; Laminate; Tile Window Features: Low-Emissivity Windows Amenities: Bathtub; Fence; Laundry - 2nd Floor; Laundry - Hookup; Shower; Storage Patio and Porch Features: Patio Energy Efficiency: Ceiling Fans Driveway: Paved Parking: 11 - 20 Spaces; Off Street; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

IncomeExpense/PD/Add/Deed/Arsenic ›

Listing Office: Realty Sales Inc

IDX

Last Updated: January - 10 - 2025

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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

530 Main Street, Biddeford, ME 04005 (MLS# 1517297)