$459,000

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176 Court Street, Bangor, ME, 04401

176 Court Street, Bangor, ME, 04401
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4 Full baths

1900

Cape

2,266 sqft

Discover the potential of 176 Court Street, Bangor, ME 04401, a meticulously maintained 3-4 unit residential property situated in the heart of Bangor. Ideal for investors seeking stable income, this property features a mix of units ranging from 1-bedroom to 2-bedrooms, all leased to reliable tenants, including one who has resided for over 15 years. This investment stands out with its substantial Net Operating Income due to remarkably low operating expenses, ensuring profitable margins. Each unit offers comfortable living spaces with modern amenities and consistent updates to meet tenant needs, making it a turnkey operation for the new owner. Located in a prime area close to shops, schools, and public transportation, the building enjoys steady demand. Financially, the property generates $58,800 annually with an attractive 8% cap rate. This is a compelling opportunity for those looking to expand their portfolio or enter the market with a dependable, income-producing asset.

Status:

Active

Type:

Multi-family

Units:

4

Zoning:

URD2

Frontage:

233

Heating:

Radiator, Hot Water

Cooling:

None

Basement:

Full, Interior Entry, Unfinished

Levels:

2

Parking:

1 - 4 Spaces, Gravel, On Site, Off Street

Acreage:

0.14

Est. Taxes:

$3,058

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Corner Lot, Level, Sidewalks, Intown, Near Town

MLS #:

1606822

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of EXP Realty