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65 Second ST Bangor, ME 04401
SOLD DATE : 08/16/2024Want to know what your home might be worth? Contact us for a FREE valuation!
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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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