MLS Number 1363451
- Square Feet 7980
- Acreage 0.28
- Year Built 1910
Shut the front door! No, seriously! Whether you are a real estate investor, or an owner occupant seeking a property that pays for itself, this is such a good deal you'll want to keep all the other buyers from getting in. BANGOR multi-family includes 7 units (primarily duplexes, plus 1 single family home) on 3 lots in sought after Little City neighborhood. Seller says he is ready to retire after 30 years of ownership/management and asked us to price his property portfolio to ensure a speedy and smooth sale. The buildings are meticulously maintained; the units are spacious and updated; and the rents are strong. From the seller's verifiable operating statement and net income, a lucky buyer will a beat the market by a long shot with a better than 12% capitalization rate. Get ready to buy now, because the Seller is motivated to pass the keys tomorrow!
Listed by Tara Roy of Realty of Maine