8 Jordan StBerwick, ME 03901

Property Details for 8 Jordan St

Lot size

0.26 AC

Property size (Sq ft)

3,150 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional two-unit duplex in Berwick, Maine, presents a compelling value-add investment opportunity. Boasting 3,150 square feet, the property features hardwood floors, crown molding, tray ceilings, and ample natural light. Each unit offers spacious rooms and high ceilings; one unit has four bedrooms, the other two, with potential for two more in the unfinished attic. Recent renovations include a new back porch roof, boiler, and a completely renovated basement with new concrete flooring, perimeter drain, and sump pump. Separate utilities and ample parking are key advantages. Situated on a 0.26-acre lot, the property enjoys a prime Berwick location, close to schools (SAD #60), and convenient to Somersworth, NH, York, Dover, and Portsmouth. The property's strong cash flow potential is highlighted by a pro-forma NOI of $51,359 and a pro-forma cap rate of 12.23%, with 100% occupancy. The asking price is $419,900, or $209,950 per unit. The property is zoned V/C. This is an ideal opportunity for an investor seeking strong returns and potential for further appreciation. The property's size and location make it an attractive option for both owner-occupancy and rental income generation. The existing renovations provide a solid foundation for continued growth and profitability.

Location Insight

City

Berwick

County

York

State

Maine

Latitude

43.2691

Longitude

-70.8649

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