6-25 Ledge Way, Ellsworth, ME 04605 (MLS# 1480412)

6-25 Ledge Way, Ellsworth, ME 04605

$2,650,000
Property Type: Multi-Family Baths: 20 Square Footage: 23,172 Lot Size (sq. ft.): 272,250 Status: Closed
Current Price: $2,650,000 List Date: 1/22/2021 Last Modified: 1/06/2025

Description

Investors take notice! Quality apartment complex very well taken care of and in high demand. The 22 two bedroom yearround rentals create a strong cash flow with a very high occupancy rate. There is even a wait list to get into one of these units and an office on site for the new owner or property manager to work out of. Multiple wells, multiple septic systems and new updates to furnaces, water heaters, etc. Lots of paved parking and most units come with either a basement or exterior storage area. Come see the excellent turnkey investment.

Supplements: ********

More Information MLS# 1480412

Location Information

Street #: 6-25 Street Name: Ledge Way County: Hancock Town: Ellsworth State/Province: ME Zip Code: 04605 Leased Land: No Book: 4685 Page: 1 Map: 66 Lot: 19 Zoning: RES Zoning Overlay: No Association: No Full Tax Amount $: 30107 Tax Year: 2020 Geo Lat: 44.582882 Geo Lon: -68.488916

Contract Information

Status: Closed Original List Price: 2750000 Sold Price: $2,650,000 Current Price: $2,650,000

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: Partial Number of Units: 22 Total Baths: 20 Total Full Baths: 20 Year Built: 2001 SqFt Finished Above Grade: 20672 SqFt Finished Below Grade: 2500 SqFt Finished Total: 23172 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 6.25 Source of Acreage: Public Records

Status Change Info

Pending Date: 2021-07-09 Closed Date: 2021-09-10 Closed Price: 2650000

Water Info

Water Frontage: No Water View: No

Units

# of 2 BD Units: 22

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 14

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 15

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 16

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 17

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 18

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 19

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 20

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: amorrison@modernvaluationsolutions.com

Property Features

Site: Open; Rolling/Sloping; Wooded Location: Rural Roads: Paved; Private Road View: Trees/Woods Style: Colonial Construction: Wood Frame Basement: Finished; Full; Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Vinyl Siding Roof: Composition Heat System: Baseboard; Hot Air; Hot Water Heat Fuel: Gas Bottled Water Heater: Electric Cooling: None Floors: Carpet; Laminate; Tile Driveway: Common; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer; Quasi-Public; Septic Design Available; Septic Tank Water: Well

Documents

Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
Last Updated: January - 06 - 2025
6-25 Ledge Way, Ellsworth, ME 04605- MLS# 1480412
Broker Attribution: joshshelton@masiello.com
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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