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Adam Dow

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

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400 E Main St , Madawaska, ME 04756
$169,999
Est. Payment: $377.78/mo
0 Bed
2 Bath
2600 Sqft
Status: Active | Days on site: 1
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3495 - 025100
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House Description

Also listed as MLS#1677210 & #1679792. A unique and versatile Main Street investment opportunity offering approximately 2,600 square feet across three finished levels, with excellent potential to create a strong multi-family property with multiple income-producing spaces. With its flexible layout, multiple entrances and highly visible location. The upper level features a nicely renovated one-bedroom apartment with an oversized living area, full kitchen, private laundry, and an updated modern bathroom with a custom walk-in tile shower. This comfortable and updated apartment is already well suited for rental income or owner occupancy. The first floor offers an exciting opportunity to create a second residential unit. With a separate entrance, welcoming front area, and four finished rooms, the space already provides a flexible foundation for an additional apartment. With the addition of a full bathroom and the appropriate improvements and approvals, this level could become an excellent second rental unit, creating the potential for two residential units within the property. The lower level adds even more usable finished space and includes a kitchenette and bathroom, offering additional flexibility for storage, recreation, workspace, studio use, or other potential uses. Depending on an investor's vision and applicable approvals, the lower level could further enhance the property's functionality and income potential. The Main Street location also provides an opportunity for a commercial component, making this property appealing to an investor interested in a combination of residential and professional or business use. The first floor could potentially accommodate office or studio space instead of residential use, providing flexibility to adapt the property to the needs of the market. If you're looking to expand an investment portfolio, create a two-unit residential property, live in one unit while generating rental income from another this is the one!

Highlights

Listed by Jack Girard , 207-316-6875 Crown Lakes Realty , 207-436-8889.

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1926

County

Aroostook

Listing ID

1679725

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:1
Air Cond:Heat Pump
Fireplaces:
Floor:Carpet,Laminate
Above Ground Sq Ft:1900
Below Ground Sq Ft:700
Basement:Interior Entry,Walk-Out Access,Finished,Full
Water:Public

Exterior Features

Lot:Business District,Intown,Near Shopping,Corner Lot,Rolling Slope,Sidewalks
Zoning:Commercial
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,Off Street,On Street,Garage Door Opener,Inside Entrance
Principal Interest
$378
Taxes
$171

Home Price

$169,999

Loan Details

30 yrs
%

Down Payment

20%
$34,000
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Monthly Price:
$377.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $377.78 $171.47 $0.00 $549.24
Yearly $4,533.31 $2,057.63 $0.00 $6,590.94
Total $135,999.20 $61,728.90 $0.00 $197,728.10

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 (Madawaska, 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.