Listing courtesy of Drum & Drum Real Estate Inc..
This 4-unit multi-family property has been regularly and conscientiously maintained by the current owners since 2001. Ideally located midway between Camden and Belfast for tenants employed in either town or retired and wanting to enjoy the attractions of the midcoast. Lincolnville Beach and the Islesboro Ferry terminal are a short stroll away with the SnowBowl and Camden Hills hiking at hand. Set back and a bit elevated from the downtown, the views of the tidal marsh and of Penobscot Bay from the decks and the front yard, add to the desirability of these apartments. The recent price reduction and rent increases have substantially raised the Cap Rate for investors.
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