44 Memory Lane, Arundel, ME, 04046 | $1,250,000

Exceptional investment opportunity! This 4-property multi-family package on 14 acres in Arundel includes a duplex, two single-family homes, and a vacant, ready to build 2 acre plot of land. All situated on expansive land in a thriving community close to Kennebunk and Biddeford. The duplex, set on 7. 83 acres, features two 2-bedroom, 1-bath units with separate utilities for easy management. Each unit boasts comfortable living space, and a shed for additional storage, making it ideal for rental income or family living. The duplex can also be subdivided to sell an extra 3 acres of land.
The package also includes two single-family homes, each with 2 bedrooms and 1 bathroom. Each home is nestled on 2 acres and includes a spacious deck, perfect for outdoor relaxation, along with a full basement offering additional storage or expansion potential. Both provide cozy living with ample land for privacy and future growth. This unique package offers a total of 14 acres across all properties an excellent opportunity to own substantial land in a growing town with promising returns. Whether you're an investor seeking rental income or a buyer with extended family needs, this multi-property package is a rare find that combines comfortable living spaces, abundant land, and exceptional value. Each property has a separate deed so 4 deeds will be transferred at closing.

Features

  • Property Type: Multi Family
  • Construction: Vinyl Siding, Wood Frame
  • Parking: 1 - 4 Spaces, 5 - 10 Spaces
  • Heating: Hot Water, Baseboard
  • Units: 4
  • Zoning: R-3
  • Year Built: 1996
  • Approx Sq. Feet: 4,262
  • Acreage: 14.11
  • Est. Taxes: $8,411
  • Lot Desc: Near Airport, Rural
  • MLS#: 1609865
  • Website: https://www.raveis.com
    /prop/1609865/44memorylane_arundel_me?source=qrflyer
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
©2024 Maine Real Estate Information System, Inc. All Rights Reserved.
Listing courtesy of Keller Williams Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable