JUST REDUCED OVER 35K. This 4 unit apartment house is a great chance to become a LANDLORD. Rents at 30 Sanford Rd are below current market rents allowing for an increase in income. 3 units are month to month, 1 unit has a short term lease. Outstanding location for commercial or weekly rentals. Size of lot allows for the possibility of an additional commercial building with town approval while maintaining 4 apartment units. Building is located on 1.39 acres with almost 200 feet of road frontage. High visibility commercial property located in the center of Wells among thriving commercial businesses such as Kennebunk Savings Bank, Aroma Joe's Coffee shop, a new Cumberland Farms Convenience Store and Gas, Avita Memory care community, York Hospital walk in care, Wells town hall and new police and fire station and only a mile+- from Maine Turnpike exit 19.In an effort to minimize the impact on the tenants, We will try to do group showings. All Covid-19 precautions will be enforced including wearing a mask . Call today to setup your time . Broker interest.
Multi-familyProperty Type
1850Year Built
1.39 acresLot Size
$186Price/Sq.Ft.
1 garage spacesParking
Listed by Timothy Gowen• Y-Gull & Associates
Bought with John Nall II• Berkshire Hathaway HomeServices Verani Realty
Excellent invesment property located in the center of Wells, close to downtown businesses. Fully occupied 4 unit apartment building. Well established rental history and income/expense data. Zoning also allows for redevelopment potential.
Year
Property tax
Land + Additions
Assessment*
2025
$2,808 (+14.4%)
$126,280 + $308,360
$434,640
2024
$2,455 (+2.0%)
$126,280 + $277,510
$403,790
2023
$2,407 (−9.4%)
$126,280 + $277,510
$403,790
2022
$2,656 (−0.6%)
$51,580 + $202,360
$253,940
2021
$2,671 (+5.8%)
$50,530 + $203,410
$253,940
2020
$2,525 (+0.6%)
$51,580 + $189,340
$240,920
2019
$2,510
$51,580 + $189,340
$240,920
2018
$2,511 (+1.6%)
$51,580 + $191,720
$243,300
2017
$2,472 (+1.0%)
$51,580 + $191,720
$243,300
2016
$2,448 (+1.1%)
$51,580 + $191,720
$243,300
2015
$2,421 (+4.9%)
$51,580 + $191,720
$243,300
2014
$2,309
$51,340 + $191,720
$243,060
Tax history for 30 Sanford Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,808 (+14.4%)
$126,280 + $308,360
$434,640
2024
$2,455 (+2.0%)
$126,280 + $277,510
$403,790
2023
$2,407 (−9.4%)
$126,280 + $277,510
$403,790
2022
$2,656 (−0.6%)
$51,580 + $202,360
$253,940
2021
$2,671 (+5.8%)
$50,530 + $203,410
$253,940
2020
$2,525 (+0.6%)
$51,580 + $189,340
$240,920
2019
$2,510
$51,580 + $189,340
$240,920
2018
$2,511 (+1.6%)
$51,580 + $191,720
$243,300
2017
$2,472 (+1.0%)
$51,580 + $191,720
$243,300
2016
$2,448 (+1.1%)
$51,580 + $191,720
$243,300
2015
$2,421 (+4.9%)
$51,580 + $191,720
$243,300
2014
$2,309
$51,340 + $191,720
$243,060
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.