34 Abbott Street Brewer, ME 04412

This completely renovated mixed-use income property was updated in 2012 and includes 13 commercial suites leased to seven commercial tenants. The second floor has four modern apartments: three two-bedroom units and one one-bedroom unit. Each apartment includes a dishwasher and ice maker, and the building offers on-site coin laundry for residents and tenants. The operating model places responsibility for heat, lights, A/C, and electricity with the individual tenants.

Reported occupancy has been at 98% for 14 years, and the current NOI is stated as $294,858. The asset is described as being in great condition, with rents believed to be below market. No association is noted.

For buyers seeking an income-producing property with both commercial tenancy and residential living units, the mix of leased suites and apartments provides operational diversification within a fully renovated building. Tenants and residents benefit from in-unit amenities in the apartments and convenient on-site coin laundry. With utilities handled by each tenant, the day-to-day expense profile can be more straightforward than properties where the owner pays for heat, electricity, or cooling.