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Adam Dow

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

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1642 Atlantic Hwy , Warren, ME 04864
$914,000
Est. Payment: $2,031.11/mo
0 Bed
0 Bath
11157 Sqft
Status: Active | Days on site: 34
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3156 - 001474
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House Description

Rare opportunity to acquire a diversified income-producing property consisting of a newly renovated duplex, a commercial building with ten storage/commercial rental units, and a fully renovated single-family residence. Strategically located approximately one mile north of Route 90 and directly across from Ande's Variety & Take Out, one of the area's busiest retail destinations, the property benefits from excellent visibility, strong traffic counts, and a highly desirable commercial location. The duplex is currently undergoing a comprehensive renovation and, upon completion (anticipated in September), will feature two spacious residential apartments designed to attract quality tenants. The first-floor unit includes direct access to an attached two-car garage, while a newly paved driveway and expanded parking area further enhance tenant appeal and marketability. The interior of the single-family residence was extensively renovated approximately one year ago and is currently rented. The commercial building contains ten rental storage/commercial units, providing an opportunity as an established income component while offering flexibility to accommodate a variety of tenants. Combined with the residential units, the property offers a diversified rental portfolio that helps reduce income risk and enhances long-term investment stability. This property presents an outstanding opportunity for investors seeking the ability of having and expanding cash flow investment. When the renovations are completed and the duplex reaches stabilized occupancy, the property is well-positioned to generate increased rental income while benefiting from long-term appreciation. The combination of multiple revenue sources, recent capital improvements, strong location, and limited deferred maintenance creates an attractive investment with excellent potential for both income growth and asset appreciation.

Highlights

Listed by Douglas Erickson , 207-495-7518 SVN The Masiello Group , 207-596-6095.

Property Type

Commercial Sale

Lot/Acreage
2.57

Year Built

2009

County

Knox

Listing ID

1672228

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Slab
Water:Public

Exterior Features

Lot:Rural
Zoning:Rural
Roof:Shingle
Sewer:Private Sewer
Parking Features:21+ Spaces,On Site
Principal Interest
$2,031
Taxes
$377

Home Price

$914,000

Loan Details

30 yrs
%

Down Payment

20%
$182,800
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Monthly Price:
$2,031.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,031.11 $376.51 $0.00 $2,407.62
Yearly $24,373.33 $4,518.12 $0.00 $28,891.45
Total $731,200.00 $135,543.60 $0.00 $866,743.60

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 (Warren, 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.