$335,000

Pending

Brochure

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12 Wiley Street, Bangor, ME, 04401

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4 Full baths

1910

Colonial, New Englander, Other Style

3,496 sqft

ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Laundry - 1st Floor, Main Level

Units:

Zoning:

URD1

Frontage:

Heating:

Radiator, Hot Water, Baseboard

Cooling:

Heat Pump

Basement:

Full, Interior Entry, Unfinished

Parking:

Paved, Off Street

Acreage:

0.15

Est. Taxes:

$4,140

Construction

Other Exterior, Composition, Asbestos, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Intown, Near Shopping, Neighborhood

Amenities:

Bathtub

Pet Policy:

No Restrictions

MLS #:

1581900

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of EXP Realty

$335,000

12 Wiley Street, Bangor, ME, 04401

Community Info

School Info

Walk Score

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