Seller's Agent in 2024
Corey Dunn
EXP Realty
(207) 949-2425
9 in this area
94 Total Sales
96 E Broadway Bangor, ME 04401
Central Bangor Neighborhood
--
Bed
4
Baths
4,000
Sq Ft
0.93
Acres
Highlights
- Additional Residence on Property
- 0.93 Acre Lot
- No HOA
- Fruit Street School Rated 10
- Raised Ranch Architecture
- Bathtub
About This Home
As of May 20242 Duplexes - 4 Units - Additional Subdivision Building Lot - Investor's Dream! -----
Step into this fantastic multifamily property, perfectly positioned in a bustling town locale, offering not one, but two charming duplexes on a generous lot. Picture this: two duplexes, each internal unit a mirror image of the other, providing easy, no-fuss living arrangements. True duplexes. -----
Currently, the rents are a steal, sitting comfortably below market value, yet still turning a tidy profit. This setup is a dream for investors looking to make their money work for them, or for savvy homebuyers seeking a place to call home with the added bonus of rental income. a 50% increase in rents would easily be supported in this market and still be very competitive. -----
Each of the four units boasts two cozy bedrooms and a well-sized bathroom, making them ideal for comfortable living. Tucked away behind the duplexes is private parking and a driveway, leading to an extra building lot included in the sale. Imagine the possibilities! -----
With roofs less than six years old, you can rest easy knowing that maintenance won't be a headache. And if you're curious about layouts, we've got you covered with available floor plans. -----
Ready to seize the opportunity of a lifetime? Come and see for yourself what awaits at this prime Bangor location. 2 duplex units and an additional building lot ready for expansion. -----
Your multifamily dream home is waiting!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,330
Year Built
- Built in 1981
Lot Details
- 0.93 Acre Lot
- Level Lot
- Open Lot
Parking
- Gravel Driveway
Home Design
- 4,000 Sq Ft Home
- Raised Ranch Architecture
- Ranch Style House
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Shingle Siding
- Vinyl Siding
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Full Bathrooms
- Bathtub
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Utilities
- No Cooling
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
Additional Features
- Washer and Dryer Hookup
- Additional Residence on Property
- City Lot
Listing and Financial Details
- Tax Lot 004/004B
- Assessor Parcel Number BANG-000044-000000-000004
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $11,430
- Gross Income $51,600
Matterport 3D Tour
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $520,000 | -9.5% | $130 / Sq Ft |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- |
| 04/18/2024 04/18/24 | For Sale | $574,900 | -- | $144 / 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 | $9,158 | $493,700 | $70,800 | $422,900 |
| 2023 | $8,200 | $428,200 | $70,800 | $357,400 |
| 2022 | $7,364 | $361,000 | $70,800 | $290,200 |
| 2021 | $6,732 | $301,900 | $65,500 | $236,400 |
| 2020 | $3,337 | $289,800 | $65,500 | $224,300 |
| 2019 | $337 | $278,200 | $65,500 | $212,700 |
| 2018 | $3,502 | $267,700 | $65,500 | $202,200 |
| 2017 | $6,029 | $270,600 | $65,500 | $205,100 |
| 2016 | $2,774 | $264,700 | $65,500 | $199,200 |
| 2015 | $5,834 | $265,800 | $65,500 | $200,300 |
| 2014 | $5,725 | $262,600 | $65,500 | $197,100 |
| 2013 | $5,462 | $262,600 | $65,500 | $197,100 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Dunn
-
Collin Cunning
C
Buyer's Agent in 2024
Collin Cunning
Worth Real Estate, Inc.
(207) 370-9102
1 in this area
77 Total Sales
Map
Source: Maine Listings
MLS Number: 1586762
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