Seller's Agent in 2024
Lisa Caron
NextHome Experience
(207) 745-5568
24 in this area
288 Total Sales
65 2nd St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $324,000 - $340,000
5
Beds
3
Baths
2,638
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Property is near public transit
- New Englander Architecture
- Country Club
- Wood Flooring
- 2-minute walk to Second Street Park
About This Home
As of August 2024Investment 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,954
Year Built
- Built in 1900
Lot Details
- 6,098 Sq Ft Lot
- Interior Lot
- Level Lot
Home Design
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,638 Sq Ft Home
- 3-Story Property
- Laundry on main level
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- On-Site Parking
Accessible Home Design
- Doors are 32 inches wide or more
Outdoor Features
- Nearby Water Access
- River Nearby
Location
- Property is near public transit
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Tankless Water Heater
- Gas Water Heater
- Water Heated On Demand
- Internet Available
Listing and Financial Details
- Tax Lot 100
- Assessor Parcel Number BANG-000035-000000-000100
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Coin Laundry
Recreation
- Country Club
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Operating Expense $14,941
- Gross Income $38,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2024
Closed on
Aug 16, 2024
Sold by
Amatruda Lisa and Amatruda Thomas
Bought by
65 Second Street Llc
Seller's Agent
Lisa Caron
NextHome Experience
Buyer's Agent
Corey Lee
Real Broker
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,805
Avg. Annual Appreciation
5.21%
Original Mortgage
$210,000
Outstanding Balance
$207,660
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$123,145
Purchase Details
Closed on
Nov 25, 2009
Sold by
Guernsey Linda J
Bought by
Amatruda Thomas M and Amatruda Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
4.92%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 65 Second Street Llc | $310,000 | None Available | |
| 65 Second Street Llc | $310,000 | None Available | |
| Amatruda Thomas M | -- | -- | |
| Amatruda Thomas M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 65 Second Street Llc | $210,000 | |
| Closed | 65 Second Street Llc | $210,000 | |
| Previous Owner | Amatruda Thomas M | $103,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $310,000 | -4.6% | $118 / Sq Ft |
| 07/09/2024 07/09/24 | For Sale | $325,000 | 0.0% | $123 / Sq Ft |
| 07/08/2024 07/08/24 | Pending | -- | -- | -- |
| 07/02/2024 07/02/24 | For Sale | $325,000 | -- | $123 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,200 | $226,400 | $12,900 | $213,500 |
| 2023 | $3,954 | $206,500 | $12,900 | $193,600 |
| 2022 | $3,176 | $155,700 | $12,900 | $142,800 |
| 2021 | $3,164 | $141,900 | $11,900 | $130,000 |
| 2020 | $2,977 | $128,300 | $11,300 | $117,000 |
| 2019 | $2,824 | $122,800 | $11,300 | $111,500 |
| 2018 | $2,586 | $112,700 | $11,100 | $101,600 |
| 2017 | $2,893 | $128,300 | $12,000 | $116,300 |
| 2016 | $2,826 | $125,600 | $12,000 | $113,600 |
| 2015 | $2,757 | $125,600 | $12,000 | $113,600 |
| 2014 | $2,697 | $123,700 | $12,000 | $111,700 |
| 2013 | $2,679 | $128,800 | $12,700 | $116,100 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Caron
-
Corey Lee
Buyer's Agent in 2024
Corey Lee
Real Broker
(207) 314-8443
7 in this area
264 Total Sales
Map
Source: Maine Listings
MLS Number: 1595572
APN: BANG-000035-000000-000100
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