17 Bruce Street, Machias, ME, 04654 | $359,900

LOOKING FOR A MULTI-FAMILY INVESTMENT PROPERTY WITH NO RENOVATIONS NEEDED? The heavy lifting has been done with this in-town, multi-family property consisting of four studio apartments with dedicated off-street parking for each unit. In the current configuration, the two main level units are unfurnished while the two second level units are fully furnished. Over the past several months, the units have been occupied by a combination of short-and long-term tenants. There are numerous possibilities for future tenants such as traveling medical professionals, workforce housing, university faculty or students, and vacation rentals. Another option is to owner occupy one unit and generate income from the other three.
The cozy units have been tastefully finished and reflect both simplicity and functionality. Each unit has a kitchen with upgraded cabinetry and solid surface countertops, a bathroom with shower, and a sizable combined living room/bedroom area. The second level units share an outdoor deck. There is the possibility to expand up by using the large attic to provide more living space for one or both second level units. Each unit has an energy efficient heat pump. The convenient intown location is within walking distance to amenities such as shops, eateries, library, post office, university, and much more.
The Machias Bay area is the perfect spot for residents and visitors to enjoy a wide-range of outdoor activities such as hiking, kayaking, biking, and ATVing. Nearby Jasper Beach, Roque Bluffs State Park, and the Bold Coast Trail are local treasures. Machias was settled in 1763 and serves as the commercial, educational, medical, cultural, and governmental center of Maine's easternmost county.
A rare find in today's marketplace, this multi-family property was extensively renovated in 2024. This is an excellent investment opportunity in Machias with a strong demand for rental properties. Furniture in the second level units conveys. Seller concessions available.

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