NOT LISTED FOR SALE

399 Center St Bangor, ME 04401

Broadway Neighborhood

Estimated Value: $405,000 - $486,000

4 Beds
4 Baths
2,448 Sq Ft
$179/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $376,000 $154 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,749/month

47 Days on Market

About This Home

As of September 2023

Investment Opportunity in Bangor, ME - Fully Rented 4-Unit Property!

Welcome to Bangor, ME, where an incredible investment opportunity awaits you. This meticulously maintained 4-unit property is a prime asset in a thriving rental market. With its excellent condition, fully rented units, and the potential for increased rental income, this property is an investor's dream. Not to mention, the tenants can cover the heating costs, allowing you to offset expenses and maximize your returns.

Located in the heart of Bangor, this property benefits from its prime location. Everything you need, from shopping centers to schools and entertainment options, is just a stone's throw away. The city's strong rental demand and convenient transportation links make it an ideal destination for both tenants and investors. Take advantage of Bangor's growing economy and invest in this remarkable property.

The owner has taken exceptional care of this property, ensuring that it remains in pristine condition. Truly ''Turn Key'' you can expect minimum maintenance hassles with this investment opportunity.

Last Agent to Sell the Property

Jonathan Hyatt

EXP Realty Listed on: 06/15/2023

EXP Realty

Last Buyer's Agent

Elizabeth Moskovitz

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,023

Year Built

1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2448.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2448.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 37200.0
  • Income Expenses Operating Expenses: 6160.0
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Landscaped, Intown, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: BANG-000037-000000-000180
  • Zoning: res

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 37200.0
  • Annual Operating Expense: 6160.0

Tax Info

  • Tax Annual Amount: 3431.0
  • Tax Book Number: 6910
  • Tax Lot: 180
  • Tax Map Number: 37
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Sep 8, 2023
Sold by
Witham Roscoe and Witham Faye M
Bought by
Jam Re Holdings Llc
Seller's Agent
Jonathan Hyatt
EXP Realty
Buyer's Agent
Elizabeth Moskovitz
ERA Dawson-Bradford Co.
List Price
$385,000
Sold Price
$376,000
Premium/Discount to List
-$9,000
-2.34%
Current Estimated Value
$437,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,036
Avg. Annual Appreciation
4.20%
Original Mortgage
$263,200
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jam Re Holdings Llc $376,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jam Re Holdings Llc $275,000
Closed Jam Re Holdings Llc $263,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $376,000 -2.3% $154 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $385,000 -- $157 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,023 $216,900 $19,200 $197,700
2023 $3,788 $197,800 $19,200 $178,600
2022 $3,431 $168,200 $19,200 $149,000
2021 $3,416 $153,200 $17,700 $135,500
2020 $3,378 $145,600 $17,700 $127,900
2019 $3,202 $139,200 $17,700 $121,500
2018 $3,025 $131,800 $17,700 $114,100
2017 $2,954 $131,000 $17,700 $113,300
2016 $2,885 $128,200 $17,700 $110,500
2015 $2,814 $128,200 $17,700 $110,500
2014 $2,760 $126,600 $17,700 $108,900
2013 $2,633 $126,600 $17,700 $108,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jonathan Hyatt

    EXP Realty

    (207) 404-0448

    1 in this area

    41 Total Sales

    Section Image

  • E

    Buyer's Agent in 2023

    Elizabeth Moskovitz

    ERA Dawson-Bradford Co.

    (207) 951-5490

    3 in this area

    54 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1562309

Maine Listings

APN: BANG-000037-000000-000180

Maine Penobscot County Bangor 04401 Broadway

399 Center St, Bangor, ME

This home is located at 399 Center St, Bangor, ME 04401 since 15 June 2023 and is currently estimated at $437,036, approximately $178 per square foot. This property was built in 1900. 399 Center St is a home located in Penobscot County with nearby schools including Abraham Lincoln School, Mary Snow School, and William S. Cohen School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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