Price Reduced 13.33%

$650,000

Est. Mortgage $0/mo *

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Price History

$750,000
5/13/2024

$650,000
7/25/2024

1055 Middle Road, Warren, ME, 04864

1055 Middle Road, Warren, ME, 04864
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6 Full baths

1972

Cape, Other Style

1,672 sqft

What a great opportunity to invest in a 6-unit multifamily rental, 2- rental buildings, the Main house is a 3-bedroom, 1 bath, Cape that could be an owner occupy. The property has received many updates over the last few years, Seller has replaced carpeting, windows, electric and plumbing updates, Main house roof was shingled 2018 and the back roof was just replaced in 2023, each unit has its own meter and Rinnai heaters for heat make it very easy to manage. Tenants pay their own utilities. The Maine house is a 3 bedroom, 2 bath, the adjacent unit is a 2 bedroom, 1 bath and the remaining 4 units are 1 bedroom, 1 bath with Rinnai heaters, so tenants pay their own utilities. The property has a great rental history, it is currently fully rented and has been re-rented before anyone moves out! There is a large garage for storage or a great workshop, plenty of room on the 20 acres to add another building for additional rental units or build your beautiful new home out back and let rentals help pay your mortgage. Easy to show with notice to tenants.

Status:

Active

Type:

Multi-family

Laundry Remarks:

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

Units:

6

Zoning:

Multifamily

Frontage:

2800

Garage:

2-car

Heating:

Forced Air, Direct Vent Heater

Cooling:

None

Basement:

Bulkhead, Brick/Mortar, Walk-Out Access, Full, Exterior Entry, Exterior Only, Unfinished

Levels:

1

Parking:

11 - 20 Spaces, Paved, Common, On Site, Detached, Off Street

Acreage:

20

Est. Taxes:

$4,710

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Open Lot, Rolling Slope, Wooded, Near Public Beach, Near Shopping, Rural

View Description:

Trees/Woods, Fields

Amenities:

1st Floor Bedroom, One-Floor Living

Pet Policy:

Other Restrictions

MLS #:

1577685

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of ERA Dawson-Bradford Co.