Bought with Keller Williams Coastal and Lakes & Mountains Realty
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Key Details
Sold Price $160,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,864 sqft
MLS Listing ID 1579038
Sold Date 08/26/24
Style Mansard
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,864
Originating Board Maine Listings
Year Built 1902
Annual Tax Amount $2,323
Tax Year 2023
Lot Size 0.310 Acres
Acres 0.31
Property Description
This three unit building offers a rare combination of strong income with the ability to increase value by finishing two additional units if desired. Current owners have done many updates including new shingles and trim on Dutch swoop of the roof, new balcony and fire escape ladder on Unit 3, new deck and steps on Unit 2, along with updates to electrical and plumbing as needed for code. Paint and flooring has also been improved in many areas. Units 1 and 3 also include new or refurbished Rannai propane heaters and new propane tanks with heater in daylight basement keep above freezing temps for pipes and storage. All appliances have been updated except for the refrigerator in Unit 2. With the potential to complete two additional units already in the building with local approvals and rents well below market value, there is a lot of upside to add value quickly here, schedule your showing today!
Location
State ME
County Somerset
Zoning Res
Rooms
Basement Dirt Floor, Walk-Out Access, Full, Exterior Only
Interior
Heating Direct Vent Heater
Cooling None
Flooring Wood, Vinyl, Laminate
Exterior
Garage 5 - 10 Spaces, Gravel
Waterfront No
View Y/N No
Roof Type Flat,Membrane,Shingle
Street Surface Paved
Parking Type 5 - 10 Spaces, Gravel
Garage No
Building
Lot Description Level, Sidewalks, Intown, Near Shopping
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Mansard
Structure Type Wood Siding,Vinyl Siding,Shingle Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Propane
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327