199-201 Center Street Bangor, ME SOLD

$575,000
Baths 5
Square Footage 3,926
Acres 0.17
Photo of 199-201 Center Street Bangor ME 04401

Sold By

Corey Lee, Real Broker



Description

Discover a rare investment opportunity featuring two buildings with a total of five units and a 100% occupancy rate located at 199-201 & 201 1/2 Center Street. This property is perfect for investors looking to expand their portfolio in Bangor, ME! The first building, 199-201 Center Street, consists of four two-bedroom apartments, each with one full bathroom. Currently, three units have active leases, and one unit is on a month-to-month basis. Two of the apartments (201) have been renovated in the past, while the other two (199) have not, providing room for growth and value-add potential. This building boasts a natural gas hot water baseboard heating system (HWBB) installed in 2015 and features a solid foundation that has been well maintained. The second building, located at 201 1/2 Center Street, is a single-family home with three bedrooms and one bathroom. This home has undergone previous renovations and currently has a month-to-month tenant. It also features a natural gas hot water baseboard heating system (HWBB) installed in 2018. Both roofs were replaced around 2016, ensuring a reliable structure. Additional features of this property include ample on-site parking for tenants and a prime location just a 15-minute walk to downtown and a 3-minute drive to I-95, offering convenience for residents. This is a fantastic opportunity for investors to acquire a well-located property with proven income & potential to grow. For more details about the property or to schedule a showing, contact me today!


Listed by Berkshire Hathaway HomeServices Northeast Real Estate, Mariya Doncheva 207-942-8261
Sold by Real Broker, Corey Lee 207-272-3984

Details

MLS 1607219
Status Closed
Price $575,000
DOM 34 days
Type Multi-Family
Style Duplex, Other Style, Multi-Level
Total Baths 5 full baths
Square Feet 3,926 sqft
Lot Size 0.17 acres
Year Built 1900
Taxes Paid $6,444

Lot & Building Features

Cooling None, Other
Tax Year 2023
Taxes Paid $6,444

Room Details

Basement Description Bulkhead, Unfinished, Interior Entry, Full, Exterior Entry

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 3
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 2
Unit 4 of Rooms 4
Unit 5 Full Baths 1
Unit 5 of Bedrooms 3
Unit 5 of Rooms 5

Map

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Financing

$
20%
1.1206956521739%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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