Price Reduced 2.39%
Price History
$419,000
11/8/2024
$409,000
11/20/2024
44 Memory Lane, Arundel, ME, 04046
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 $100,000 in profit. 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