Est. Mortgage: $/month
MLS Number 1507426
- Full Bath 4
- Style Multi-Level
- MLS Status Active
- Property SubType Multi Family
Are you looking for $Cash Flow$? Then look not further than this 4 unit building, plus garage with 12ft ceilings, plus a complete bonus storage/workshop above the garage on the second story. With ground level access to both the upper and lower units the possibilities are endless. Lower units were once a store, garage has been used for a fabrication and metalworking facilities and that doesn't count the upper units. The garage was built with R-22 ICF (insulated concrete forms) and has been pre-plumbed for hot water heating with zone from main building. Dedicated 200 amp service with meter and panel. 10 Ft garage door Great opportunity to be a live-in owner and have your tenants cover your housing and even a good portion of your living expenses. Start your own business and have the commercial space you need in addition to housing all in one easily financeable package. This fully rented fourplex is currently leased at will but all tenants are multi-year. Total vacancy since current owner purchased the building in 2003 is an amazing 2.4%. Centrally located with convenient access to the market square business district, post office, hospital, schools , playgrounds, grocery store and meandering river.- 35 minutes to Sunday River ski area.- 25 minutes to Mt Abram ski area.- 5 minutes to Stephens Memorial Hospital. - 5 minutes to Oxford Hills. Comprehensive High School.- 13 minutes to Oxford Casino.With newer roofing, heating system, and many updates the realm of possible revenue sources nearly limitless. With strong rental demand and plenty of amenities close by the future looks bright for this investment. Current rents already blow the 1% rule most investors look for away by nearly an additional 50%. Rents have been held constant due to long term tenants and are below market. Many value add options to leverage ROI even higher. Limited photos of interior for tenant privacy.
Listed by Keller Williams Realty