Bought with ERA Dawson-Bradford Co.
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2 Hopes PL Bradley, ME 04411
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Key Details
Sold Price $1,200,000
Property Type Commercial Sale
Sub Type Multi Family
Listing Status Sold
Square Footage 9,596 sqft
MLS Listing ID 1599625
Sold Date 12/30/24
HOA Y/N No
Originating Board Maine Listings
Year Built 1990
Annual Tax Amount $11,996
Tax Year 24
Lot Size 5.150 Acres
Acres 5.15
Property Sub-Type Multi Family
Property Description
Excellent immaculate investment property 15 minutes from Bangor or 5 miles from the University of Maine. 7 townhouse units, in two separate buildings, each with two bedrooms and 1.5 bath, large eat in kitchen and living room. Sliders to open area for garden or enjoyment. There is an owner residence with an attached two car garage, two bedrooms, two en suites, living room, dining room, office den and gorgeous stone patio for entertaining. The owner's residence is located at the end of the second building for complete privacy or rental premium. Each building has a boiler room with laundry, well and septic. Generator on demand runs the heat, hot water, well and septic for both buildings.
Complex has a workshop and 16 storage units for additional income.Undeveloped land can accommodate more units with adequate soils test and town approval.
Excellent financials and cap rate. Fully occupied (owners residence will be vacant at or before closing) with long term tenancy. Leases run annually from September through August.
Location
State ME
County Penobscot
Zoning RES
Interior
Interior Features Storage
Heating Baseboard
Flooring Wood, Vinyl, Laminate, Carpet
Exterior
Parking Features 1 - 4 Spaces, On Site, Paved, Off Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Garage Yes
Building
Lot Description Rural
Building Description Vinyl Siding,Wood Frame, Generator
Foundation Concrete Perimeter, Slab
Sewer Private Sewer, Septic Existing on Site
Water Private, Well
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil
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