Price Reduced 4.77%

$399,000

Est. Mortgage $0/mo *

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Price History

$419,000
11/8/2024

$409,000
11/20/2024

$399,000
11/30/2024

44 Memory Lane, Arundel, ME, 04046

44 Memory Lane, Arundel, ME, 04046
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2 Full baths

1996

Duplex

1,760 sqft

Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $150,000. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!

Status:

Active

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

2

Zoning:

R-3

Heating:

Hot Water, Baseboard

Cooling:

None

Basement:

None, Not Applicable

Parking:

5 - 10 Spaces, Gravel, Other

Acreage:

7.83

Est. Taxes:

$3,079

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Near Turnpike/Interstate, Near Town, Rural

Amenities:

1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage

MLS #:

1608923

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Keller Williams Realty