5 & 17 Ice Pond RD $749,000

5 & 17 Ice Pond RD Boothbay, ME 04537

Year Built: 1920
Square Footage: 6456 sq ft
Lot Size (Acres): 40.0000

Unique Multi unit investment opportunity in Boothbay. Priced well below town assessment the current owner occupies the beautiful 3 bedroom home with dock on the river and rents out the studio loft with water views and the 4 separate 2 bedroom 1.5 bath apartments. Stable rental income of $45,000 with $25,000 positive cash flow. Rent the entire property and receive $60,000! Includes 40 acres for future development.

Town: Boothbay
Zoning: Res
Taxes: $4,770
Tax Year: 13-14
MLS ID: 1290100
½ Baths: 0
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John McCarthy
Legacy Properties Sotheby's International Realty

With more than 30 years of experience as a former owner/operator of a 60-unit waterfront motel in Midcoast Maine and as a hospitality consultant with clients in New York, Florida and the West Indies, John has more hands on experience in the hospitality industry than most in his field. For the last several years John has focused on facilitating sales of hospitality properties representing buyers, sellers, banks and limited partnerships. His years of industry experience as an owner and consultant adds a unique perspective to help the deals such as Boatyards, Golf courses, motels and restaurants all come to a closing. John is a licensed Broker in Maine, currently a Hospitality specialist for Legacy Properties Sotheby's International Realty and has studied at State University of New York and NYU's Stern School of Business focusing on the Hospitality sector. He is also a member of the Maine Innkeepers Association, the Maine Real Estate and Development Association (MEREDA) and the Maine Commercial Association of Realtors.