44 Memory LN Active Save Request In-Person Tour Request Virtual Tour
Arundel,ME 04046
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 1,760 sqft
Price per Sqft $232
MLS Listing ID 1608923
Style Duplex
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,760
Originating Board Maine Listings
Year Built 1996
Annual Tax Amount $3,079
Tax Year 2024
Lot Size 7.830 Acres
Acres 7.83
Property Description
Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $100,000 in profit. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!
Location
State ME
County York
Zoning R-3
Rooms
Basement None,Not Applicable
Interior
Interior Features 1st Floor Bedroom,Bathtub,In-Law Floorplan,One-Floor Living,Storage
Heating Hot Water,Baseboard
Cooling None
Flooring Vinyl,Tile,Laminate
Laundry Washer Hookup
Exterior
Garage 5 - 10 Spaces,Gravel,Other
Utilities Available 1
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Gravel
Porch Deck
Road Frontage Private
Garage No
Building
Lot Description Level,Near Turnpike/Interstate,Near Town,Rural
Foundation Concrete Perimeter
Sewer Private Sewer
Water Private
Architectural Style Duplex
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description K-1Kerosene