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54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

54 Unit Housing Complex  Auction Photo

More images...

Real Estate Auction 07-8
54-Unit Housing Complex – Knoxview Apartments
44 Middle Street, Bucksport, Maine SOLD $1.6 MILLION
Thursday, October 18, 2007 at 2PM


Real Estate: Site - 12.26± acre parcel - frontage and access on 3 streets, Middle (78.32+/- ft.), McDonald (224.93+/- ft.) and Franklin (295.64+/- ft.) - paved parking (63 spaces) - sidewalks, landscaping, wooded areas, large lawns, playground - public water and sewer Improvements - (9) multi-dwelling buildings - (54 units total) - Brick Building (43,490± SF) has (34) 1-bedroom units and (4) 2-bedroom units - common area laundry - community lounge - elavator - rubbish chutes - balconies and views of the Penobscot River. Townhouse Buildings (18,272± SF total) - (8) separate buildings containing (2) units each and have (12) 3-bedroom units and (4) 4-bedroom units - laundry hook-ups - private fenced yard areas. Reference the Town of Bucksport Tax Map 34, Lot 53.

Development Potential:Property has potential to be subdivided into two parcels. The first parcel would contain 4.14+/- acres improved with the 38-unit brick building, and the second parcel would contain 8.12+/- acres improved with 16 townhouse units. The entire property has potential to be placed into a condominium with 54 individual condominium units available. Refer to subdivision and condominium surveys and floor plans contained in Property Information Package. Available from Auctioneer.

Preview Date: Thursday, October 4, 2007 from 10AM-12PM

Click Here To View Aerial Map

Directions:
From Bangor, take Exit 4 off I-395, follow Rt. 15 south 17 miles to Bucksport, left onto McDonald St., left onto Middle St. to property at the end.

From Augusta, I-95 take exit 113 to Rt. 3, follow Rt. east to Belfast, left onto Rt. 1 north, follow to Bucksport, left onto Rt. 15 (Main St.), right onto McDonald St., left onto Middle St. to property at the end.

Terms: A $50,000 deposit (non-refundable as to the highest bidder) in CASH or CERTIFIED U.S. FUNDS made payable to the Keenan Auction Company (deposited with Auctioneer as a qualification to bid), and increased to 10% of purchase price within 5 days of sale in cash or certified U.S. funds, with the balance due and payable within 45 days from date of public sale. 10% Buyer's Premium. For our real estate Property Information Package containing legal and bidding documents contact Auctioneer’s office at (207) 885-5100 and request auction number 07-8. Richard Keenan #236 - Our 35th year and 4,924th auction.

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Property Information Package Available
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