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44 Memory Lane, Arundel, ME, 04046 | $409,000
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!
Features
- Amenities: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage
- Baths: 2 full
- Units: 2
- Laundry: Washer Hookup
- Style: Duplex
- Year Built: 1996
- Heating: Hot Water, Baseboard
- Cooling: None
- Basement: None, Not Applicable
- Approx Sq. Feet: 1,760
- Acreage: 7.83
- Est. Taxes: $3,079
- Lot Desc: Level, Near Turnpike/Interstate, Near Town, Rural
- MLS#: 1608923
- Website: https://www.raveis.com
/prop/1608923/44memorylane_arundel_me?source=qrflyer
 | Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. |  |
Listing courtesy of Keller Williams Realty Partner
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