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Adam Dow

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

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Listing 1678795 , Mapleton, ME 04757
$299,000
Est. Payment: $664.44/mo
0 Bed
5 Bath
2840 Sqft
Status: Active | Days on site: 2
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3259 - 020202
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House Description

Exceptional investment opportunity with multiple income streams! This 4-unit apartment building is situated on just under an acre of land and includes a 1-car garage. Also offering an outdoor recreation area with a fire pit and picnic area as well as access to the North branch of the Presque Isle stream that borders the property. With direct access to the ATV/Snowmobile trail, plenty of parking and a gas station/convenience store across the street yet only 10 minutes from Presque Isle. The property offers a desirable mix of short-term rental and traditional market rental opportunities, along with the flexibility for an owner-occupant to live in one unit while generating income from the others. The first floor features two recently renovated and fully furnished units currently operating as Airbnb/short-term rentals. The larger unit offers 3 bedrooms and 1.5 baths, a spacious living room, washer and dryer, dishwasher, and a back deck for added outdoor living space. The second first-floor unit features 2 bedrooms and 1 bath and has also been recently renovated and comes fully furnished with its own washer and dryer. The second floor consists of two 1-bedroom apartments currently utilized as market rentals. One unit has been renovated, while the other provides an opportunity for future improvements and added value. The 3-bedroom unit is heated with a forced hot air furnace, while the remaining units are heated with electric heat. Whether you're an investor looking to diversify your portfolio or a buyer seeking a unique homeownership opportunity, this property offers plenty of flexibility. Live in one of the units and rent the remaining apartments to help offset the expenses of homeownership while building equity. Continue the successful short-term rental setup, maintain the long-term rentals, or explore a combination that works best for your goals. A versatile property with income potential and plenty of opportunity!

Highlights

Listed by Tracy Ostlund , 207-551-5083 NextHome Discover , 207-762-6398.

Property Type

Multi-Family

Lot/Acreage
0.96

Year Built

9999

County

Aroostook

Listing ID

1678795

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:4
Appliances:Internet Access Available
Air Cond:Window Unit(s)
Fireplaces:
Floor:Vinyl
Above Ground Sq Ft:2840
Below Ground Sq Ft:0
Basement:Bulkhead,Interior Entry,Unfinished
Water:Private,Well

Exterior Features

Lot:Intown,Near Shopping,Near Town,Level,Open Lot,Sidewalks
Zoning:Residential
Roof:Shingle
Sewer:Public Sewer
Parking Features:Reclaimed,11 - 20 Spaces,On Site,Garage Door Opener,Detached
Principal Interest
$664
Taxes
$149

Home Price

$299,000

Loan Details

30 yrs
%

Down Payment

20%
$59,800
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:
$664.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $664.44 $149.17 $0.00 $813.61
Yearly $7,973.33 $1,790.00 $0.00 $9,763.33
Total $239,200.00 $53,700.00 $0.00 $292,900.00

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 (Mapleton, 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.