Bangor, ME 04401,65 Second ST
Bangor, ME 04401,65 Second ST
Bangor, ME 04401,65 Second ST
40
Listed by NextHome Experience
Bought with Real Broker
$310,000
$325,000
4.6%
Est.Price: ?

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3 BA
2,638 SqFt

65 Second ST Bangor, ME 04401

SOLD DATE : 08/16/2024

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Key Details

Sold Price $310,000

Property Type Multi-Family

Listing Status Sold

Square Footage 2,638 sqft

MLS Listing ID 1595572

Sold Date 08/16/24

Style New Englander

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,638

Originating Board Maine Listings

Year Built 1900

Annual Tax Amount $3,954

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Investment Opportunity in Bangor: Fully Rented Triplex with Recent Renovations

Discover a prime income-generating property in the heart of Bangor with this fully rented triplex, presenting a compelling investment opportunity:

Unit 1: Spacious 2-bed, 1-bath unit $1,100/month Lease ends 3/31/2025.
Unit 2: Recently renovated in 2024 2-bed, 1-bath unit $1,250/month Lease ends 8/5/2024.
Unit 3: Renovated in 2023 1-bed, 1-bath unit currently rented at $875/month on a flexible month-to-month lease.
Key Features:

Mechanical Systems: Updated in 2013 with a hot air furnace and on-demand hot water heater, ensuring efficiency and lower maintenance costs.
Recent Upgrades: Including a sewer line replacement in November 2022, indicating a well-maintained property.
Income Streams: Coin-operated laundry facilities add to the revenue stream.
Location Benefits:

Situated minutes from downtown Bangor, offering easy access to public transportation, grocery stores, gas stations, waterfront concerts, a casino, restaurants, and diverse businesses.
Additional Details:

Restrictions: No smoking and no dogs policy ensures property upkeep.
Potential: Stable rental income with opportunities for appreciation in a growing urban area.
This triplex represents a lucrative income opportunity with reliable tenants and recent updates. Ideal for savvy investors seeking steady cash flow and future growth potential in a vibrant community. Don't miss out on this turnkey investment in Bangor's thriving rental market.

Schedule your viewing today to explore this promising investment prospect!

Location

State ME

County Penobscot

Zoning URD-2

Rooms

Basement Dirt Floor, Full, Interior Entry, Unfinished

Interior

Interior Features 1st Floor Bedroom, Bathtub

Heating Forced Air

Cooling None

Flooring Wood, Vinyl, Laminate, Carpet

Fireplace No

Laundry Laundry - 1st Floor, Main Level, Laundry - Coin

Exterior

Garage 5 - 10 Spaces, Gravel, On Site

Waterfront No

View Y/N No

Roof Type Shingle

Street Surface Paved

Accessibility 32 - 36 Inch Doors

Garage No

Building

Lot Description Level, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Shopping, Near Town, Neighborhood, Near Public Transit

Story 3

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style New Englander

Structure Type Vinyl Siding,Wood Frame

Schools

School District Bangor Public Schools

Others

Restrictions Unknown

Energy Description Gas Natural

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Maine MLS (MREIS) IDX

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Corey Lee

Agent | License ID: BA924970

+1(207) 314-8443

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