favorite this post 5000ft2 - Unusual Opportunity for Family or Group (West Bath, ME) hide this posting unhide

Sea Kiss Point

(google map)

5000ft2 available may 1

cats are OK - purrr
dogs are OK - wooof
laundry on site
no smoking
attached garage
private bath
private room

I own a beautiful 6BR 5.5 bath home 11 minutes from downtown Brunswick (about 40 minutes from Portland) on the ocean in West Bath. The house has can be divided up in a number of ways, depending on who is living there. I am looking for a group of compatible people (a family, group of friends, or whatever) to occupy the central part of the house for at least 3 years or more. This portion includes two, complete 1BR suites with private bath; and two other nice BRs that share a full bath. The house is very private, at the end of a peninsula; the waterfront it tidal, but you can easily kayak for 7 hours/tidal cycle, and swim for 5+. The upside of being tidal is that the water is swimmable until late October. The ideal tenant/group would be interested in becoming ownership partners in the building, for a share to be negotiated. I am willing to do this (for the right tenant/co-owner) with little or no cash except rental deposits, to start. The co-owner can take the mortgage deduction, for their share of the mortgage. Rough numbers are $2500 mortgage payment ($1800 +/- after tax, depending on the marginal tax rate of the co-owner) buys 10% ownership +/-. Depending on how much responsibility is taken, I am willing to sell up to 50% of the equity for less than $100K in cash or additional bank borrowing by co-owner.

This can be a very sweet deal for a responsible co-owner with good credit (and little cash). I will send you pictures of the property once I understand your situation and appropriateness for this arrangement.
  • do NOT contact me with unsolicited services or offers

post id: 6846696206


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