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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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14 Charles St , Berwick, ME 03901
$750,000
Est. Payment: $1,666.67/mo
7 Bed
4 Bath
2638 Sqft
Status: Pending | Days on site: 20
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House 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)

Highlights

Listed by Debbie Mae Kershaw , 603-431-1443 SRE Brokers , 603-431-1443.

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1920

County

York

Listing ID

5081490

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:4
  • Full Bathrooms:
  • 3/4 Bathrooms:4
Air Cond:Ductless
Fireplaces:
Floor:Laminate
Above Ground Sq Ft:2638
Basement:Yes,Unfinished

Exterior Features

Lot:Existing
Zoning:R1
Roof:Metal,Asphalt Shingle
Sewer:Public
Parking Features:Driveway,On-Site,Parking Spaces 6+,Paved
Principal Interest
$1,667
Taxes
$526

Home Price

$750,000

Loan Details

30 yrs
%

Down Payment

20%
$150,000
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Monthly Price:
$1,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,666.67 $526.42 $0.00 $2,193.08
Yearly $20,000.00 $6,317.00 $0.00 $26,317.00
Total $600,000.00 $189,510.00 $0.00 $789,510.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Berwick, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.