Multi-Family for Sale: 12 Wiley Street, Bangor, ME 04401 SOLD

4 full baths
$345,000
$345,000
12 Wiley Street, Bangor, ME 04401 SOLD
4 full baths
$345,000
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Selling Price: $345,000
Original List Price: $335,000
Sold at 103.0% of list price
Sold Date: 04/29/2024

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Type Multi-Family
Style Colonial, Other Style, New Englander
Total Baths 4 full baths
Square Feet 3,496 sqft
Lot Size 0.15 acres
Year Built 1910
Taxes Paid $4,140
City Bangor
County Penobscot
MLS 1581900
Status Closed
DOM 79 days
ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling Heat Pump
Tax Year 2024
Taxes Paid $4,140

Unit Features

Unit 1 Full Baths 2
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 5

Price History of 12 Wiley Street

Date Name Price Difference
02/10/2024 Listing Price $345,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Inquire about this property

Photo of Nancy Zeimetz
Nancy Zeimetz
Associate Broker
Direct: 603-290-5550
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by EXP Realty, Tara Roy 888-439-8743
Sold by NextHome Experience, Stephanie Henry 207-573-7400
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6.75%
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Listing information courtesy of: EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.