$575,000

Pending

Est. Mortgage $0/mo *

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199-201 Center Street, Bangor, ME, 04401

199-201 Center Street, Bangor, ME, 04401
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5 Full baths

1900

Duplex, Multi-Level, Other Style

3,926 sqft

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!

Status:

Pending

Type:

Multi-family

Units:

5

Zoning:

URD-2

Frontage:

65

Heating:

Multi-Zones, Hot Water, Direct Vent Heater, Baseboard

Cooling:

Other, None

Energy Features:

Dehumidifier, Ceiling Fans

Basement:

Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished

Parking:

5 - 10 Spaces, Gravel, On Site

Acreage:

0.17

Est. Taxes:

$6,444

Construction

Vinyl Siding, Clapboard, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Intown, Near Shopping

Amenities:

Storage

MLS #:

1607219

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Berkshire Hathaway HomeServices Northeast Real Estate