Bought with Coldwell Banker Realty
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Key Details
Sold Price $495,000
Property Type Multi-Family
Listing Status Sold
Square Footage 3,063 sqft
MLS Listing ID 1609772
Sold Date 01/31/25
Style New Englander
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 3,063
Originating Board Maine Listings
Year Built 1939
Annual Tax Amount $4,483
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Investors take notice! Two unit in one of Maine's fastest growing cities; close to Portland and the ocean as well as easy access to highway. Dining, shopping, and play are all close by.
This is a 2-unit income-producing property with great potential. Both units are currently tenant-occupied but below market rates. The property requires some updates and improvements to maximize its value and functionality.With the right repairs it can be brought to its full potential, but it is priced accordingly.
Buyers are encouraged to conduct their own due diligence, including inspections, to assess the condition of the property. The units are fully occupied, and there is a strong rental history in place.
EXTRA BONUS BEDROOM that is currently part of upstairs unit but on FIRST floor, which makes one of the units a 4 bedroom. This extra room has a closet and access to outside door, easily can be part of downstairs unit instead or rent it separately if town allows mixed use.
Location
State ME
County York
Zoning Residential
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, One-Floor Living
Heating Hot Water, Forced Air, Baseboard
Cooling None
Flooring Wood, Vinyl, Laminate
Laundry Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
Basement Type Full,Interior Entry,Unfinished
Exterior
Parking Features 1 - 4 Spaces, Paved, On Site
Garage Spaces 2.0
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Porch Glass Enclosed
Garage Yes
Building
Lot Description Corner Lot, Level, Sidewalks, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Story 2
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Vinyl Siding,Block,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
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