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.
Closed
Zillow last checked:
Listing updated:
Bought with:
NextHome Experience
Source: Maine Listings,MLS#: 1581900
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2024 | Sold | $345,000+3%$99/sqft |
Source:  Maine Listings #1581900 Report a problem | ||
| 2/16/2024 | Pending sale | $335,000$96/sqft |
Source: Maine Listings #1581900 Report a problem | ||
| 2/10/2024 | Listed for sale | $335,000$96/sqft |
Source: Maine Listings #1581900 Report a problem | ||
| 3/2/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/6/2018 | Listing removed | $800 |
Source: Owner Report a problem | ||
| 8/30/2018 | Listed for rent | $800 |
Source: Owner Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$395,400
2% more
+$7,908
With Zillow Showcase(estimated)
$403,308
