8 Jordan St Berwick, ME 03901
- Residential income homes
- 3,150 SF
- 0.26 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 8 Jordan St
- Lot size
- 0.26 lot acres
- Property size
- 3,150 SF
- Property type
- Residential income homes
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berwick
- County
- York
- State
- Maine
- Longitude
- -70.8648577
- Latitude
- 43.2691495
