199-201 Center Street, Bangor, ME 04401 (MLS # 1607219)
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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!
LAST UPDATED | 10/18/2024 | YEAR BUILT | 1900 |
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COUNTY | Penobscot | STATUS | Active |
PROPERTY TYPE(S) | Multi Family |
ADDITIONAL DETAILS | |
AIR | None, Other |
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AIR CONDITIONING | Yes |
BASEMENT | Exterior Entry, Full, Interior Entry, Unfinished, Yes |
CONSTRUCTION | Clapboard, Vinyl Siding |
HEAT | Baseboard, Hot Water |
INTERIOR | Storage |
LOT | 7405 sq ft |
LOT DESCRIPTION | Level, Open Lot |
MLS STATUS | Active |
PARKING | Gravel, On Site |
SEWER | Public Sewer |
STYLE | Duplex, Multi-Level, Other Style |
TAXES | 6444 |
WATER | Public |
ZONING | URD-2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.
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IDX data provided by Market Leader, courtesy of Maine Listings.
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