$249,900

House for sale Bangor
Property photo number 1 of 16 Photos for Property. File  104903407_29_9824d0ab21fb1610e707400a5ffdb237.jpeg

Overview

SUMMARY: Discover an opportunity with this Bangor house for sale and available for $249,900. This could be your next ideal home or a smart investment. More details await.
See parent listing as multi-unit: MLS#: 1662790 Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment
portfolio, this property offers strong economic potential in a high-demand rental market. Unit Composition: 3 residential units totaling 3 bedrooms and 3 full baths. The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year. Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance. Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000! Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market.
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Details

  • Beds: 3
  • Baths: 3
  • Price: $249,900
  • Area: 1,144 sqft

Location

Marketed by:

  • Listing Manager
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