Discover a unique investment opportunity at 1646 Branch Road in Wells. This legal fourplex is a rare find in the Wells Branch area. Conveniently located just minutes from downtown Kennebunk and everything the Town of Wells has to offer, including shopping, restaurants, schools, and beautiful beaches, this property is perfectly situated for both residents and investors alike.
Spanning a total of 3,168 sq. ft., this well-maintained building is divided into four equivalent units, each offering 2 bedrooms and 1 full bath. Each unit comes equipped with its own gas/K-1 (depending on the unit) and electrical meter, serviced by Kennebunk Light & Power, ensuring individual utility management. Additionally, the property features private water and a sewer system with two 1500-gallon tanks.
Situated on a private 1-acre lot that abuts land owned by the KK&W Water District, this property offers a tranquil setting with plenty of privacy. There is ample off-street parking and a substantial backyard for tenants and guests to enjoy. Whether you're looking for an owner-occupied residence with rental income potential or a solid investment property, this is a truly unique offering in this area.
Each unit is move-in ready, complete with a refrigerator and range. Units A & B feature kerosene monitor heaters and supplemental electric baseboard, while Units C & D are equipped with newer propane Rinnai heaters and supplemental electric baseboard. Upgrades include the flooring in most units, some paint, and the building has been upgraded to vinyl siding for easy maintenance. The current owner has also made improvements to the exterior façade to improve curb appeal.
With rents currently below market value, there is significant room for growth, making this an attractive option for investors looking to maximize their return. Contact us today to schedule a viewing and explore the potential of 1646 Branch Road! Showings begin at open house on Saturday, September 7th - 11 AM to 1 PM.
Room Features
Basement DescriptionNone, Not Applicable
Lot & Building Features
CoolingNone
Tax Year23
Taxes Paid$2,982
Unit Features
Unit 1 Full Baths1
Unit 1 of Bedrooms2
Unit 1 of Rooms4
Unit 2 Full Baths1
Unit 2 of Bedrooms2
Unit 2 of Rooms4
Unit 3 Full Baths1
Unit 3 of Bedrooms2
Unit 3 of Rooms4
Unit 4 Full Baths1
Unit 4 of Bedrooms2
Unit 4 of Rooms4
Price History of 1646 Branch Road
Date
Name
Price
Difference
09/02/2024
Listing Price
$749,900
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1646 Branch Road (MLS #1602381) is a colonial, split entry multi-family listing located in Wells, ME.
This multi-family listing is 3,168 sqft and on a lot of 43,560 sqft (or 1.00 acres) and is 50 years old. This property was listed on 09/03/2024 and has been priced for sale at $749,900.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Anchor Real Estate