NOT LISTED FOR SALE
-- Bed
4 Baths
4,000 Sq Ft
0.93 Acre Lot

Sale Details

Date Sold: May 24, 2024

Last sale price $520,000 $130 Per Sq Ft

10 Days on Market

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 2024

2 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!

Last Agent to Sell the Property

Corey Dunn

EXP Realty Listed on: 04/18/2024

EXP Realty

Last Buyer's Agent

Collin Cunning

Worth Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,330

Year Built

  • Built in 1981

Lot Details

  • 40,511 Sq Ft 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,330

Year Built

Built in 1981

Lot Details

0.93 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.93
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4000.0
  • Architectural Style: Raised Ranch, Ranch
  • Garage Yn: No
  • Year Built: 1981
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.72
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.93
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4000.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 51600.0
  • Income Expenses Operating Expenses: 11430.0
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Driveway:Gravel: Yes
  • Style:Raised Ranch: Yes
  • Advertising Remarks:Advertising Remarks: 2 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 Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Finished, Full
  • Full Bathrooms: 4
  • Flooring: Laminate, Carpet
  • Interior Amenities: Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 40510.8
  • Parcel #: BANG-000044-000000-000004
  • Zoning: RES

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51600.0
  • Annual Operating Expense: 11430.0

Tax Info

  • Tax Annual Amount: 8330.0
  • Tax Lot: 004/004B
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $9,496 $536,500 $71,800 $464,700
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

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Map

Source: Maine Listings

MLS Number: 1586762

Maine Listings
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