ME > Arundel
Arundel, ME 04046,44 Memory LN
Arundel, ME 04046,44 Memory LN
Arundel, ME 04046,44 Memory LN
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Listed by Keller Williams Realty
$409,000
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2 BA
1,760 SqFt
Active

44 Memory LN Arundel, ME 04046

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Corey Lee

Corey Lee

+1(207) 314-8443

UPDATED:

11/20/2024 03:24 PM

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 1,760 sqft

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

Maine MLS (MREIS) IDX

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Corey Lee

Agent | License ID: BA924970

+1(207) 314-8443

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44 Memory LN