Wells, ME 04090,1646 Branch RD
Wells, ME 04090,1646 Branch RD
Wells, ME 04090,1646 Branch RD
Listed by Anchor Real Estate
Bought with River's Edge Realty LLC
$800,000
$749,900
6.7%
Est.Price: ?

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4 Baths
3,168 SqFt
SOLD DATE : 10/04/2024

Key Details

Sold Price $800,000

Property Type Multi-Family

Listing Status Sold

Square Footage 3,168 sqft

MLS Listing ID 1602381

Sold Date 10/04/24

Style Colonial,Split Entry

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,168

Originating Board Maine Listings

Year Built 1974

Annual Tax Amount $2,982

Tax Year 23

Lot Size 1.000 Acres

Acres 1.0

Property Description

Discover a unique investment opportunity at 1646 Branch Road in Wells. This legal fourplex is a rare find in the Wells Branch area. Conveniently located just minutes from downtown Kennebunk and everything the Town of Wells has to offer, including shopping, restaurants, schools, and beautiful beaches, this property is perfectly situated for both residents and investors alike.

Spanning a total of 3,168 sq. ft., this well-maintained building is divided into four equivalent units, each offering 2 bedrooms and 1 full bath. Each unit comes equipped with its own gas/K-1 (depending on the unit) and electrical meter, serviced by Kennebunk Light & Power, ensuring individual utility management. Additionally, the property features private water and a sewer system with two 1500-gallon tanks.

Situated on a private 1-acre lot that abuts land owned by the KK&W Water District, this property offers a tranquil setting with plenty of privacy. There is ample off-street parking and a substantial backyard for tenants and guests to enjoy. Whether you're looking for an owner-occupied residence with rental income potential or a solid investment property, this is a truly unique offering in this area.

Each unit is move-in ready, complete with a refrigerator and range. Units A & B feature kerosene monitor heaters and supplemental electric baseboard, while Units C & D are equipped with newer propane Rinnai heaters and supplemental electric baseboard. Upgrades include the flooring in most units, some paint, and the building has been upgraded to vinyl siding for easy maintenance. The current owner has also made improvements to the exterior façade to improve curb appeal.

With rents currently below market value, there is significant room for growth, making this an attractive option for investors looking to maximize their return. Contact us today to schedule a viewing and explore the potential of 1646 Branch Road! Showings begin at open house on Saturday, September 7th - 11 AM to 1 PM.

Location

State ME

County York

Zoning R

Rooms

Basement None, Not Applicable

Interior

Heating Direct Vent Heater, Baseboard

Cooling None

Flooring Vinyl, Laminate, Carpet

Fireplace No

Exterior

Garage 11 - 20 Spaces, Gravel, On Site, Off Street

Waterfront No

View Y/N Yes

View Trees/Woods

Roof Type Shingle

Street Surface Paved

Parking Type 11 - 20 Spaces, Gravel, On Site, Off Street

Garage No

Building

Lot Description Level, Wooded, Abuts Conservation, Rural

Story 2

Foundation Block

Sewer Private Sewer, Septic Existing on Site

Water Private, Well

Architectural Style Colonial, Split Entry

Structure Type Vinyl Siding,Wood Frame

Schools

School District Wells-Ogunquit Csd

Others

Energy Description Propane, K-1Kerosene, Electric

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Paul Rondeau

+1(207) 229-7613

Broker Associate | License ID: BA923327

Broker Associate License ID: BA923327

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