Multi-Family for Sale: 65 Second Street, Bangor, ME 04401 SOLD

3 full baths
$310,000
$310,000
65 Second Street, Bangor, ME 04401 SOLD
3 full baths
$310,000
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Selling Price: $310,000
Original List Price: $325,000
Sold at 95.4% of list price
Sold Date: 08/16/2024

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Type Multi-Family
Style New Englander
Total Baths 3 full baths
Square Feet 2,638 sqft
Lot Size 0.14 acres
Year Built 1900
Taxes Paid $3,954
City Bangor
County Penobscot
School District Bangor Public Schools
MLS 1595572
Status Closed
DOM 38 days
Investment Opportunity in Bangor: Fully Rented Triplex with Recent Renovations Discover a prime income-generating property in the heart of Bangor with this fully rented triplex, presenting a compelling investment opportunity: Unit 1: Spacious 2-bed, 1-bath unit $1,100/month Lease ends 3/31/2025. Unit 2: Recently renovated in 2024 2-bed, 1-bath unit $1,250/month Lease ends 8/5/2024. Unit 3: Renovated in 2023 1-bed, 1-bath unit currently rented at $875/month on a flexible month-to-month lease. Key Features: Mechanical Systems: Updated in 2013 with a hot air furnace and on-demand hot water heater, ensuring efficiency and lower maintenance costs. Recent Upgrades: Including a sewer line replacement in November 2022, indicating a well-maintained property. Income Streams: Coin-operated laundry facilities add to the revenue stream. Location Benefits: Situated minutes from downtown Bangor, offering easy access to public transportation, grocery stores, gas stations, waterfront concerts, a casino, restaurants, and diverse businesses. Additional Details: Restrictions: No smoking and no dogs policy ensures property upkeep. Potential: Stable rental income with opportunities for appreciation in a growing urban area. This triplex represents a lucrative income opportunity with reliable tenants and recent updates. Ideal for savvy investors seeking steady cash flow and future growth potential in a vibrant community. Don't miss out on this turnkey investment in Bangor's thriving rental market. Schedule your viewing today to explore this promising investment prospect!

Room Features

Basement Description Dirt Floor, Unfinished, Interior Entry, Full

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Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $3,954

Unit Features

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

Price History of 65 Second Street

Date Name Price Difference
07/09/2024 Listing Price $310,000 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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Map of 65 Second Street, Bangor, ME

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Photo of Matthew Sukeforth
Direct: 207-776-8406
Office
14 York Street
York, ME 03909
207-363-4000
Listed by NextHome Experience, Lisa Caron 207-573-7400
Sold by Real Broker, Corey Lee 207-272-3984
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20%
1.275635483871%
6.75%
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Listing information courtesy of: NextHome Experience

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