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175 Alfred Street
Biddeford, ME 04005
Asking Price
$895K
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 6 Units <ul><li>Fantastic cash flow with $114,600 gross income</li><li>Operating expenses only $24,699</li><li>Excellent Biddeford location near shopping</li><li>Many modern updates including metal roof, replacement windows, furnace, flooring</li><li>Nice corner lot with 5 parking spaces</li><li>Expansion possibilities to spacious 3rd floor</li><li>Could be converted into a large 4 unit</li><li>Property recently went through professional lead abatement in all living spaces</li></ul>
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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34