14 Charles St Berwick, ME 03901

Building Details

Year Built

1920

Listing agency s***@gmail.com Show Phone

Listed by Debbie Mae Kershaw Show Phone

Source Elliman

Added: Jul 21 Updated: Jul 22 at 5:14AM Checked: Jul 22 at 5:14AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Debbie Mae Kershaw

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Investment Insights

Based on property information with market context.

This four-family residential income property was purchased in 2022 and 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 are responsible for hot water, heat, and electricity, supported by mini-splits in three of the units and HW/Oil heat in the first-floor unit.

The property is located at 14 Charles St in Berwick, ME, off Bridge Street, within steps of Berwick’s redeveloping downtown area and just over the bridge into Somersworth, NH. Reported numbers include Actual Gross Income with Unit 3 vacant of $68,160 and Projected Gross Income with Unit 3 filled of $86,760. Expenses are listed at $13,624, including Trash, Water/Sewer, Insurance, and Taxes.

BikeScore is 34 (Somewhat Bikeable) and WalkScore is 43 (Car-Dependent).

Key Highlights

• 1920‑built 4‑family with one unit currently vacant (#3)
• Full interior renovations from the studs out in units #2, #3, and #4 completed after a 2022 purchase
• Tenant‑paid utilities: tenants cover hot water, heat, and electricity

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FAQs

What type of property is this?

Quadplex - Renovated four-unit property with one currently vacant unit and tenant-paid utilities.

Where is this quadplex located?

The property is located at 14 Charles St Berwick, ME.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 1920‑built 4‑family with one unit currently vacant (#3); Full interior renovations from the studs out in units #2, #3, and #4 completed after a 2022 purchase; Tenant‑paid utilities: tenants cover hot water, heat, and electricity