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Adam Dow

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

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54 Weston Ave , Madison, ME 04950
$265,000
Est. Payment: $588.89/mo
0 Bed
3 Bath
4684 Sqft
Status: Active | Days on site: 35
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3629 - 020290,023788
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House Description

Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!

Highlights

Listed by Corey Lee , 207-314-8443 and Alec Picard , 207-713-8167 Real Broker , 207-272-3954.

Property Type

Multi-Family

Lot/Acreage
0.23

Year Built

1910

County

Somerset

School District

Rsu 59/Msad 59

Listing ID

1672049

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Internet Access Available
Floor:Laminate,Vinyl,Wood
Above Ground Sq Ft:3984
Below Ground Sq Ft:700
Basement:Doghouse,Interior Entry,Walk-Out Access,Finished,Full,Unfinished
Other:
  • Additional:1st Floor Bedroom, Attic, Bathtub, Pantry, Storage
Water:Public

Exterior Features

Lot:Intown,Near Golf Course,Near Shopping,Neighborhood,Level,Open Lot,Sidewalks
Zoning:Res Intown
Roof:Metal,Shingle
Sewer:Public Sewer
Parking Features:Common,Paved,5 - 10 Spaces,On Site,Garage Door Opener,Detached
Principal Interest
$589
Taxes
$466

Home Price

$265,000

Loan Details

30 yrs
%

Down Payment

20%
$53,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$588.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $588.89 $465.83 $0.00 $1,054.72
Yearly $7,066.67 $5,590.00 $0.00 $12,656.67
Total $212,000.00 $167,700.00 $0.00 $379,700.00

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 (Madison, 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.