CLICK HERE TO SEE THE PROPERTIES IN OUR FALL SALES EVENT!

Seacoast Maine Rental Cottage Edgecomb, ME

Property Location MAP

179 US Route 1 Unit 1
Edgecomb, ME 04556

Property #: AP22034-01

Contact Agent

Ruth Lind, CAI, AARE, BAS
Tranzon Auction Properties

207-751-1430 rlind@tranzon.com
This auction is for bidding on UNIT 1 only, a one bedroom/one bathroom seasonal cottage. Additional units are available to bid on. See list of available units below or click here to view all properties. For your convenience the property information package includes all units offered - you do not need to download an information package on each unit for which you might have interest. 
 
Are you looking for a long-term investment or a short-term opportunity to park some funds during our current tumultuous investment landscape? Or are you new to real estate investment and looking for an affordable opportunity to cut your teeth? This is your chance.
 
Tranzon Auction Properties, along with the Team at Bisson Real Estate – Powered by Keller Williams, are pleased to offer you this seacoast Maine investment opportunity. There are nine seasonal rental cottages and one mixed-use (commercial/residential) unit located in the heart of mid-coast Maine just across the bridge from Wiscasset (of Red’s Eats fame) and at the gateway to Boothbay Harbor.
 
Seven units are recently renovated, these units offer simple, efficient layouts with low condominium association fees ($110 per month). There is plenty of opportunity for cash flow rental potential. Primarily envisioned for rentals, owner occupancy is permitted for short durations for maintenance, repairs and updating. 
 
Purchase Opportunities: Units will be offered individually and as part of a package including units 1, 2, 3, 4, 5, 6, 12 & 13. Units 14 and 15 will only be offered individually and not as a package or part of a package.
 
Pre-Auction Opportunities: These units are available for purchase pre-auction, but please be advised the seller is inclined to proceed to auction. If you have interest in purchasing a unit or multiple units, please reach out for a confidential conversation.
 
Available Units:
 
Unit 1: 1 Bedroom/1 Bathroom Seasonal Cottage Unit
Unit 2: 1 Bedroom/1 Bathroom Seasonal Cottage Unit
Unit 3: 1 Bedroom/1 Bathroom Seasonal Cottage Unit
Unit 4: 1 Bedroom/1 Bathroom Seasonal Cottage Unit
Unit 5: 1 Bedroom /1 Bathroom Seasonal Cottage Unit
Unit 6: Studio/1 Bathroom Seasonal Cottage Unit - Needs Some Finish Work
Unit 12: Studio/1 Bathroom Seasonal Cottage Unit
Unit 13: Studio/1 Bathroom Seasonal Cottage Unit
Unit 14 (Mixed-Use Unit): Two Buildings - Need Renovation
Unit 15 (Not Connected to Septic): Residential Seasonal Cottage Unit - Needs Renovation
 
Michael B. Carey - ME AUC Lic. 1466 | Ruth P. L. Lind - ME RE Lic. #BA923350
 

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Ruth Lind, CAI, AARE, BAS

Ruth Lind, CAI, AARE, BAS: Tranzon Auction Properties

207-751-1430 rlind@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyer's Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Ten percent (10%) of purchase price (high bid + buyer's premium) due within twenty-four (24) hours of auction end.
  • Broker Co-op: 2.5% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Have a Property To Sell? Request a FREE Property Consultation