54 Weston Avenue Madison, ME

$235,000
Baths 3
Square Footage 4,684
Acres 0.23
Photo of 54 Weston Avenue Madison ME 04950




Description

Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!


Listed by Real Broker, Corey Lee & Alec Picard 207-272-3954

Details

MLS 1672049
Status Active
Price $235,000
DOM 94 days
Type Multi-Family
Baths 3 full baths
Square Feet 4,684 sqft
Garage Spaces 2
Lot Size 0.23 acres
Year Built 1910
Taxes Paid $5,590

Lot & Building Features

Amenities 1st Floor Bedroom, Attic, Bathtub, Washer Hookup, Pantry, Storage
Cooling None
Heating Oil, Baseboard, Hot Water
Parking Description Common, Paved, 5 - 10 Spaces, On Site, Garage Door Opener, Detached
Tax Year 2025
Taxes Paid $5,590
Water Public
Water Heater Electric

Room Details

Basement Description Doghouse, Interior Entry, Walk-Out Access, Finished, Full, Unfinished

Map

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Financing

$
20%
1%
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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