Seller's Agent in 2024
Lisa Caron
NextHome Experience
(207) 745-5568
19 in this area
287 Total Sales
65 2nd St Bangor, ME 04401
West Bangor NeighborhoodEstimated Value: $307,513 - $354,000
5
Beds
3
Baths
2,638
Sq Ft
$126/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Property is near golf course, public transit, and shops
- 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 golf course, public transit, and shops
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Electricity To Lot Line
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2024
Closed on
Aug 16, 2024
Sold by
Bought by
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%
Views
3
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
$23,628
Avg. Annual Appreciation
4.05%
Original Mortgage
$210,000
Outstanding Balance
$206,325
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$127,303
Purchase Details
Closed on
Nov 25, 2009
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $310,000 | None Available | ||
| $310,000 | None Available | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $210,000 | ||
| Closed | $210,000 | ||
| Previous Owner | $103,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,406 | $248,900 | $12,900 | $236,000 |
| 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
285 Total Sales
Map
Source: Maine Listings
MLS Number: 1595572
APN: BANG-000035-000000-000100
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.
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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