50 - 52 SUMMER STREET,

ROCKLAND, MAINE

11 UNIT APARTMENT COMPLEX

0.415 ACRES

EXCELLENT RENTAL HISTORY

MANY RENOVATIONS COMPLETED BY OWNERS.

LARGE ON-SITE PARKING AREA

A QUARTER MILE OF ROCKLAND

CITY CENTER, SHOPPING,

RESTAURANTS, BANKS AND

ROCKLAND HARBOR AND FERRY

LANDING.

PROPERTY DESCRIPTION

Building floor plan consists of 1 efficiency unit, 3 - one

bedroom units and 8 - two bedrooms units.

Separate two car garage building on site

Public water and sewer

The property is flat and to grade.

Approximate 14 on-site parking spaces for residents use.

With the payoff of the Maine State Housing loan, the new

owners could easily increase the monthly rent of each unit.

Penney Read

THE MASIELLO GROUP COMMERCIAL ASSOCIATES t: 207.706.1007 c: 207.701.1230

Douglas M. Erickson, CCIM

THE MASIELLO GROUP

COMMERCIAL ASSOCIATES

t: 207.390.3333 c: 207.446.3333

50 - 52 SUMMER STREET,

ROCKLAND, MAINE

PROPERTY DESCRIPTION

Good investment opportunity. This building does have a good rental

history. The owner feels the monthly rental income could easily be

increased to $9,855.00 once the Maine State Housing loan is paid in

full.

Downtown Rockland, restaurants, grocery stores, financial institutions

restaurants, museums and The Strand Theater are all within a very,

very short distance. Of the subject property.

SITE SPECIFICATIONS

Lot Size: .415+/- acres

Zoning: Residential A

Road Frontage: Approximately 144 feet on Summer Street

Water & Sewer: Public Water & Sewer .

Map/Lot: Map 22, Blk. E, Lot 03

Deed Book 4055, Page 288

PRICE & TERMS

Price: $680,000 - Cash at closing

Penney Read

THE MASIELLO GROUP

COMMERCIAL ASSOCIATES

t: 207.706.1007 c: 207.701.1230

Douglas M. Erickson, CCIM

THE MASIELLO GROUP

COMMERCIAL ASSOCIATES

t: 207.390.3333 c: 207.446.3333

50 - 52 SUMMER STREET,

ROCKLAND, MAINE

50 - 52 SUMMER STREET,

ROCKLAND, MAINE