Berwick 22 Unit Multi-Unit Package | 8 George St
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Berwick 22 Unit Multi-Unit Package 8 George St
22 Unit Block of Flats £2,855,943 (£129,816/Unit) 8.65% Net Initial Yield Berwick, ME 03901
Investment Highlights
- Up and coming location.
- Add value.
Executive Summary
7 Bell Street, 8 George Street, 19 Allen Street, Berwick, ME 03901
5 building portfolio totaling 22 units w/ upside through raising rents in an excellent area close to New Hampshire!
Welcome to this exceptional investment opportunity—a 22-unit multi-unit package located in Berwick, Maine. This property offers a unique blend of historic charm and clean, well-maintained conditions, making it an ideal choice for workforce housing in the area.
Situated in a prime location, this older building exudes character and is ready to meet the housing needs of the local workforce. The well-preserved exterior showcases the building's timeless architecture, while the interior has been carefully maintained to provide a comfortable and inviting living environment for residents.
With 22 units available, this multi-unit package caters specifically to the demand for affordable housing among the local workforce. Each unit within the building has been thoughtfully designed to balance functionality and comfort, ensuring that residents have a pleasant living experience. The units may feature a mix of spacious studios, one-bedroom, and two-bedroom apartments, providing options that accommodate different household sizes and configurations.
5 building portfolio totaling 22 units w/ upside through raising rents in an excellent area close to New Hampshire!
Welcome to this exceptional investment opportunity—a 22-unit multi-unit package located in Berwick, Maine. This property offers a unique blend of historic charm and clean, well-maintained conditions, making it an ideal choice for workforce housing in the area.
Situated in a prime location, this older building exudes character and is ready to meet the housing needs of the local workforce. The well-preserved exterior showcases the building's timeless architecture, while the interior has been carefully maintained to provide a comfortable and inviting living environment for residents.
With 22 units available, this multi-unit package caters specifically to the demand for affordable housing among the local workforce. Each unit within the building has been thoughtfully designed to balance functionality and comfort, ensuring that residents have a pleasant living experience. The units may feature a mix of spacious studios, one-bedroom, and two-bedroom apartments, providing options that accommodate different household sizes and configurations.
Property Facts
| Price | £2,855,943 | Building Class | C |
| Price Per Unit | £129,816 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 17,500 SF |
| Net Initial Yield | 8.65% | Average Occupancy | 90% |
| No. Units | 22 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1900/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.11/1,000 SF |
| Apartment Style | Garden |
| Price | £2,855,943 |
| Price Per Unit | £129,816 |
| Sale Type | Investment |
| Net Initial Yield | 8.65% |
| No. Units | 22 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 17,500 SF |
| Average Occupancy | 90% |
| Number of Floors | 3 |
| Year Built/Renovated | 1900/2023 |
| Parking Ratio | 0.11/1,000 SF |
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PROPERTY TAXES
| Parcel Number | BERW-000001U-000000-000033 | Improvements Assessment | £373,620 |
| Land Assessment | £63,770 | Total Assessment | £437,390 |
PROPERTY TAXES
Parcel Number
BERW-000001U-000000-000033
Land Assessment
£63,770
Improvements Assessment
£373,620
Total Assessment
£437,390
zoning
| Zoning Code | R1 |
| R1 |
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Berwick 22 Unit Multi-Unit Package | 8 George St
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