14-16 Elm Street, Auburn, ME 04210
OFF MARKET

14-16 Elm Street
Auburn, ME 04210

  • Studio
  • 7 Baths
  • 5,301 sqft
  • Studio
  • 7 Baths
  • 5,301 sqft

$660,700

Trulia Estimate
as of Apr 29, 2024
Est. Refi. Payment $4,174/mo*
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Homes for Sale Near 14-16 Elm Street

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Local Information

map showing home location
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Commute Destination
Last check for updates: about 15 hours ago
Listed by Fontaine Family-The Real Estate Leader
Bought with: Keller Williams Realty
Source: Maine Listings, MLS#1580035

Description

This property is no longer available to rent or to buy. This description is from March 14, 2024
DON'T MISS AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN AUBURN'S HISTORICAL DISTRICT.
Two-buildings offering 7 spacious apartments (5-1 bedroom and 2-2 bedroom units) on a single lot with dedicated off-street parking. Each unit offers large rooms, hardwood floors, high ceilings, individual heating and oversized windows making this an attractive and efficient rental opportunity.
Property has an excellent rental history with great tenants who take care of their apartments and pay on-time. This well-maintained building and ideal location will continue to provide ease in finding the right qualified applicants. Many existing tenants are month-to-month. Come experience an investor's dream with a mix of long-term tenants and low turnover. The Cap Rate is near 10% with below market rents. There is plenty of upside here.
Five apartments have been renovated and additional upgrades have been made throughout the two buildings. 14 Elm St is the rear building which houses two large 2-bedroom apartments with decorative pillars, quality woodwork, formal dining rooms, built-in cabinets and added private storage rooms. Additional space in the attic could be considered an expansion opportunity for this building.
16 Elm St offers five spacious 1-bedroom apartments with high ceilings and plenty of natural light.
All 7 units have separate meters and are heated with efficient Rinnai heaters that burn natural gas. Heaters have been maintained and serviced regularly. Recent heat pump water heaters were installed in 16 Elm St. Upgraded electrical in both buildings
A turnkey investment that grosses over $83,000/year.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 14-16 Elm Street

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full,Exterior Only,Unfinished
Beds & Baths
Number of Bathrooms: 7Number of Bathrooms (full): 7
Dimensions and Layout
Living Area: 5301 Square Feet
Appliances & Utilities
Laundry: Washer Hookup
Heating & Cooling
Heating: Other,Hot Water,BaseboardNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Other
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Wood, Vinyl, Carpet
Levels, Entrance, & Accessibility
Levels: Multi/SplitFloors: Wood, Vinyl, Carpet

Exterior Features

Exterior Home Features
Roof: ShingleFoundation: Brick/MortarNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking: 5 - 10 Spaces,Paved,Off Street
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 5301 Square Feet

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood Siding, Asbestos, Wood Frame

Price & Status

Price
List Price: $665,000
Status Change & Dates
Off Market Date: Sun Jan 14 2024

Location

Direction & Address
City: Auburn

Building

Building Area
Building Area: 5301 Square Feet

Lot Information

Lot Area: 10018.8 sqft

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

BasementMls Number: 1580035

Comparable Sales for 14-16 Elm Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
243 Main Street, Auburn, ME
0.02
Multi-Family Home
$742,500
11/29/23
11
5,994
123 Spring Street, Auburn, ME
0.21
Multi-Family Home
$425,000
08/07/23
7
3,482
9 Laurel Avenue, Auburn, ME
0.18
Multi-Family Home
$375,000
08/14/23
4
3,594
138 Pleasant Street, Auburn, ME
0.15
Multi-Family Home
$310,000
09/29/23
3
2,736
112 Spring Street, Auburn, ME
0.21
Multi-Family Home
$510,000
01/19/24
4
4,236
37 Highland Avenue, Auburn, ME
0.56
Multi-Family Home
$415,000
06/30/23
4
4,317
130 Oxford Street, Lewiston, ME
0.46
Multi-Family Home
$595,000
01/24/24
8
8,624
39 & 43 Knox Street, Lewiston, ME
0.70
Multi-Family Home
$665,000
05/18/23
10
7,352
17 James Street, Auburn, ME
0.59
Multi-Family Home
$800,000
11/30/23
6
4,562

Assigned Schools

These are the assigned schools for 14-16 Elm Street.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Auburn

  • Trulia User
    "thirty-five may bite rural commute along the river and farmland. Winding roads, lots of potholes, low visibility "
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  • Trulia User
    "It’s walkable and there is a large open green space for running. Many dogs live in the neighborhood "
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  • Trulia User
    "Dogs are frequently walked on leash, dog friendly neighborhood cats.Very busy fast passed traffic and rude driving in this area. "
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  • Barbara P. E.
    "Traffic isn’t too bad, but it’s busier at the usual times of day. Most people drive courteously. I wish the roads were maintained better than they are. "
    3
    Flag
  • Grace M.
    "the traffic lights on many major roads cause a big delay when traveling to and from work, but it is just as bad in lewiston."
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  • Jhamel779
    "Mostly by car but walking is good and their are public busses. Things are sort of spread apart so walking isn’t suggested. A car is definitely ideal "
    3
    Flag
  • Dreaded.lady.d
    "A quiet neighborhood where childten and families thrive. A place with. a great sense of community among neighbors."
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  • Ryan M.
    "Is a very nice area for walking dogs in meeting people. I find this to be very friendly community, or at least the part that I live in. "
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  • Fato B.
    "best neighborhood for a family quiet neighborhood and a nice park with playground.... I'd recommend it "
    1
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  • Fato B.
    "it's the best neighborhood 4 kids the public park is clean and beautiful, availability of the shopping areas "
    1
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  • Fato B.
    "I've lived here for more than a year and all the neighbors seems nice and it's great area for a family..."
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  • Rjpulk
    "I Carpool with two other people, in my personal vehicle 48 miles round trip . It takes approximately 45 minutes one way."
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  • Ekaterina Scott
    "Is a quiet neighborhood so far. Do not have any problems with my neighbors. I have live at lake Street for 2 years. Near by shopping centers customer service is great. "
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  • Mike B.
    "None but the neighbors are all friendly and helpful. Very peaceful neighborhood, very quiet. The city offers so much ."
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  • William A. J.
    "You do see people walking their dogs around here all the time I just wish they were more considered and picked up their dog's waste. Rather than leaving it on lawns"
    1
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  • Mb l.
    "Everyone keeps to themselves ...dog walkers are friendly close to everything....can’t complain for now"
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  • Alexandrya P. H.
    "The countryside feel within the city limits. The ability to know your neighbors, and yet still have the privacy. The beautiful river with rushing water falls with great walks around the town. The small town shops and stores filled with happy moms and pops. The fact that people get to know you here and therefore are more likely to lend a hand when you’re in need."
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  • Chrissaretto
    "The people. All different kinds. I know my neighbors and they are very polite. They are committed to improving their community."
    1
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  • Willena M. L.
    "Everything 😁 the neighbors, how friendly everyone is, nice homes and very nice yards. Ball field across the street. Very nice area"
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  • Clint D.
    "Great neighborhood for families with kids or people that want a quiet, safe place to live!"
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  • Cbournak
    "Quiet and beautiful neighborhood, close to great schools and shopping areas."
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  • joystinger
    "I live in this area and the area is very friendly and people take care of their homes"
    1
    Flag
  • renbar1980
    "This neighborhood is freindly, clean and very safe. There are excellent walking/running routes. Living near Mac's Seafood and Blackies is definitely a bonus. Support local. "
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LGBTQ Local Legal Protections

Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 14-16 Elm Street

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Off Market Homes Near 14-16 Elm Street

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14-16 Elm Street, Auburn, ME 04210 is a studio, 7 bathroom, 5,301 sqft multi-family built in 1900. This property is not currently available for sale. The current Trulia Estimate for 14-16 Elm Street is $660,700.