33 Forest Avenue, Orono, ME, 04473
3 Full / 1 Half baths
1930
Duplex, Cottage, Colonial, Multi-Level, Ranch
4,125 sqft
Discover a unique investment opportunity in the heart of ORONO—ideal for capitalizing on the high demand for university-adjacent housing. 🗝This prime property features a spacious duplex, and a sweet, detached ranch home, all on the same lot, offering possibilities for either income producing or owner occupied options. The duplex consists of a 3-bedroom, 1.5-bath unit on the first floor and a 4-bedroom, 1-bath unit on the second floor, perfect for accommodating student groups or families. The renovated 2-bedroom, 1-bath cottage comes with its own private backyard, providing additional space to expand your living & entertaining area outdoors. The units are all in move-in ready condition, and feature modern improvements combined with the old house charm of hardwood floors, enclosed porches and built-ins. Each apartment has it's own laundry, which is a must-have amenity for prospective tenants. Natural gas heating ensures energy efficiency and cost savings, making this property even more appealing. The newly paved driveway offers ample parking space, enhancing the value for potential renters. Located in a sought-after area close to the university, this property is a rare find for investors looking to secure consistent rental income in a thriving market. 2023 gross rental income was over $80k and is rarely vacant due to word-of-mouth interest whenever an apartment becomes available.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Laundry - 1st Floor, Upper Level, Main Level
Units:
3
Zoning:
MDR
Frontage:
62
Heating:
Multi-Zones, Hot Water, Baseboard
Cooling:
None
Basement:
Full, Interior Entry, Unfinished
Parking:
5 - 10 Spaces, Paved, Off Street
Acreage:
0.28
Est. Taxes:
$8,359
Construction
Vinyl Siding, Clapboard, Wood Frame
Lot Description:
Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping
Amenities:
1st Floor Bedroom, In-Law Floorplan, One-Floor Living, Storage
MLS #:
1602288
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of EXP Realty