15,245 Square Foot Multi-Family Space For Sale @ 20 Mechanic St

20 Mechanic Street is a 19-unit apartment complex located in the heart of Gardiner. The property sits on 0.35± AC and includes ample on-site parking for its residents. The units consists of a mix of fourteen one-bedroom units, three two-bedroom units and two efficiency units. It is well maintained with a good rental history.
Many capital improvements have been made. The Net Operating Income has been adjusted by estimating a 50% heating expense reduction based on calculations provided by Efficiency Maine to reflect the replacement of an oil-fired boiler with a new high efficiency gas-fired boiler.