$575,000
MLS#: 1607219
- Type: Multi-family
- Lot Size: 0.17 Acres
- Year Built: 1900
- Square Feet: 3,926
Property Details
Discover a rare investment opportunity featuring two buildings with a total of five units and a 100% occupancy rate located at 199-201 & 201 1/2 Center Street. This property is perfect for investors looking to expand their portfolio in Bangor, ME!
The first building, 199-201 Center Street, consists of four two-bedroom apartments, each with one full bathroom. Currently, three units have active leases, and one unit is on a month-to-month basis. Two of the apartments (201) have been renovated in the past, while the other two (199) have not, providing room for growth and value-add potential. This building boasts a natural gas hot water baseboard heating system (HWBB) installed in 2015 and features a solid foundation that has been well maintained.
The second building, located at 201 1/2 Center Street, is a single-family home with three bedrooms and one bathroom. This home has undergone previous renovations and currently has a month-to-month tenant. It also features a natural gas hot water baseboard heating system (HWBB) installed in 2018. Both roofs were replaced around 2016, ensuring a reliable structure.
Additional features of this property include ample on-site parking for tenants and a prime location just a 15-minute walk to downtown and a 3-minute drive to I-95, offering convenience for residents.
This is a fantastic opportunity for investors to acquire a well-located property with proven income & potential to grow. For more details about the property or to schedule a showing, contact me today!
Property Listed by: Berkshire Hathaway HomeServices Northeast Real Estate
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
3926
Land Features
Electric:
Circuit Breakers
Map (approximate)
