Multifamily Apartment
90 Broadturn Road Unit 1 Scarborough, ME 04074
90 Broadturn Road Unit 1, Scarborough, ME, 04074
$2,999,999
For Sale
$2,999,999
Residential income property offered for sale in Scarborough, with a stated building size of 11,478.
Property Size11,478 SF
Price / SF$261.37
Days on Market148
Property Features for 90 Broadturn Road Unit 1
General Information
- Standard status
- Active
- Size
- 11,478 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1945
Listing Agency
Keller Williams Realty
Listed by
Alexandru Pirleci
(603) 866-2942
Source
Profoundrealestate
Added: Feb 19 Checked: Jul 16 at 1:28 pm
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This offering is for a multifamily apartment building presented as residential income property. The listing indicates a building size of 11,478, and it is identified as Unit 1 at 90 Broadturn Road. No additional interior configuration, unit count, or condition details are provided in the available information.
The property is located at 90 Broadturn Road in Scarborough, Maine (04074). Prospective buyers should review the site and offering materials to confirm all measurements, tenancy details, and any restrictions that may apply to the specific unit being marketed.
For buyers seeking a straightforward residential income asset, this property may fit well as an apartment-building purchase with a defined stated size. Because the provided data does not include rental terms, current occupancy, or operating history, due diligence will be important to understand income potential, expenses, and any physical or administrative considerations tied to the specific unit designation. If you have access to the full offering package, it should be used to validate the property’s use, layout, and financial assumptions before making a decision.
The property is located at 90 Broadturn Road in Scarborough, Maine (04074). Prospective buyers should review the site and offering materials to confirm all measurements, tenancy details, and any restrictions that may apply to the specific unit being marketed.
For buyers seeking a straightforward residential income asset, this property may fit well as an apartment-building purchase with a defined stated size. Because the provided data does not include rental terms, current occupancy, or operating history, due diligence will be important to understand income potential, expenses, and any physical or administrative considerations tied to the specific unit designation. If you have access to the full offering package, it should be used to validate the property’s use, layout, and financial assumptions before making a decision.
Key Highlights
- Residential income property
- Built in 1945
- Stated building size of 11,478
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.0k | $31.80 |
| − Vacancy | −$21.9k | −$1.91 |
| EGI | $343.1k | $29.89 |
| − OpEx | −$154.4k | −$13.45 |
| NOI | $188.7k | $16.44 |
11,478 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,705 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,832 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Residential income property offered for sale in Scarborough, with a stated building size of 11,478.
Where is this apartment building located?
The property is located at 90 Broadturn Road Unit 1 Scarborough, ME.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Residential income property; Built in 1945; Stated building size of 11,478
