Description
This attractive and generously sized 4-unit can cash flow multiple ways. The current rents make this an excellent investment opportunity, at an exceptional 13.5% CAP Rate. The size of the units and multi-floor living would easily allow the new owner to occupy a unit and continue to rent the other three. There's also the option, with or without owner occupancy, to short, medium or long-term rent any combination of the 4 units. This property's best features also include a large parking lot and additional paved driveway, generous 1 acre lot and conveniently located to mid-coast and central Maine's favorite recreation spots. Less than an hour from Augusta, Waterville, Bangor and only 15 minutes to Belfast. Even closer still is the Country View Golf Course, a short 1 mile from the property. This property is a year-round gem!
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0BEDS
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1ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This attractive and generously sized 4-unit can cash flow multiple ways. The current rents make this an excellent investment opportunity, at an exceptional 13.5% CAP Rate. The size of the units and multi-floor living would easily allow the new owner to occupy a unit and continue to rent the other three. There's also the option, with or without owner occupancy, to short, medium or long-term rent any combination of the 4 units. This property's best features also include a large parking lot and additional paved driveway, generous 1 acre lot and conveniently located to mid-coast and central Maine's favorite recreation spots. Less than an hour from Augusta, Waterville, Bangor and only 15 minutes to Belfast. Even closer still is the Country View Golf Course, a short 1 mile from the property. This property is a year-round gem!
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.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-01-30T23:48:07.243.
