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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1 Martel Lane Ln , Bridgton, ME 04009
$450,000
Est. Payment: $1,000.00/mo
9 Bed
5 Bath
1560 Sqft
Status: Active | Days on site: 60
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2799 - 024849,016520
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House Description

INVESTMENT OPPORTUNITY OR MORTGAGE PAID FOR - 4 trailers. Owner occupies newest, other three have tenants! Exceptional opportunity to own an income-producing property just minutes from downtown Bridgton. The property features a spacious owner-occupied double-wide home along with three additional tenant-occupied manufactured homes, offering immediate rental income and long-term investment potential. The main home is designed for comfortable living with an open floor plan centered around a chef's kitchen featuring a large center island, abundant cabinetry, and a generous walk-in pantry. Primary has en-suite and large walk in closet. An expansive mudroom/drop zone with an oversized laundry area provides exceptional everyday convenience, while the wood stove adds warmth and charm. Step outside to a large rear deck overlooking a beautifully maintained backyard oasis--an ideal setting for relaxing or entertaining. The three rental homes provide established income, with long-term tenants reflecting the desirability of the property. One tenant has resided there for 28 years, another for 7 years, and the newest for nearly a year. Adding to the property's appeal, one of the manufactured homes is situated across the road on a well-maintained parcel that may offer future subdivision potential. Buyers are encouraged to verify subdivision possibilities and permitted uses with the Town of Bridgton. Preliminary discussions with the town's Code Enforcement Office indicate it may be feasible, but buyers should perform their own due diligence. Whether you're looking to offset your mortgage, build wealth through rental income, or expand your investment portfolio, this versatile property offers a rare opportunity close to downtown Bridgton, lakes, skiing, shopping, and local dining.

Highlights

Listed by Brittany Copp , 207-415-1336 and Michelle Dicenso , 207-329-4177 Portside Real Estate Group , 207-619-7571.

Property Type

Residential

Lot/Acreage
3.18

Year Built

2022

County

Cumberland

School District

Rsu 61/Msad 61

Listing ID

1671038

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Cooktop, Dishwasher, Refrigerator, Internet Access Available
Air Cond:Central Air
Fireplaces:
Floor:Luxury Vinyl
Above Ground Sq Ft:1560
Below Ground Sq Ft:0
Basement:Not Applicable
Other:
  • Additional:1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Shower, Walk-In Closet(s), Primary Bedroom w/Bath
Water:Well

Exterior Features

Lot:Near Public Beach,Near Shopping,Near Town,Ski Resort,Level,Open Lot,Wooded
Zoning:MBL
Roof:Shingle
Others:
  • Additional:Animal Containment System
Sewer:Septic Tank
Parking Features:Gravel,1 - 4 Spaces
Principal Interest
$1,000
Taxes
$133

Home Price

$450,000

Loan Details

30 yrs
%

Down Payment

20%
$90,000
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Monthly Price:
$1,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,000.00 $133.27 $0.00 $1,133.27
Yearly $12,000.00 $1,599.26 $0.00 $13,599.26
Total $360,000.00 $47,977.80 $0.00 $407,977.80

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Bridgton, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.