BATHS3 full
SQUARE FEET2,752
MLS#1678845
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Discover this versatile and meticulously maintained property that offers a unique blend of residential and commercial potential. The property features three separate units: two spacious 2-bedroom, 1-bathroom units ideal for tenants or extended family, and a third unit permitted as a 1-chair hair salon, which the has been renting out as a comfortable studio apartment. A detached 2-car garage provides ample parking and storage, while each unit has its own separate utilities, simplifying management and billing. The property has been very well cared for and is in excellent condition, reflecting pride of ownership. Currently generating over $5,000 per month, it offers strong income potential and cash flow. Additionally, the property has been pre-inspected for general building and septic systems, ensuring peace of mind with no surprises. Whether you're an owner-occupant looking for a live-in space with rental income or an investor seeking a turnkey asset with commercial flexibility, this property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Doghouse, Finished, Full, Partial
Basement: Yes
Cooling: Other, Heat Pump
Garage: 2
Heating: Propane, Forced Air, Heat Pump
Home Style: Other, Ranch
Lot Size: 1.09 Acres
Roof Type: Shingle
Taxes: $3,532
Year Built: 1982
Feature Descriptions
Electric: Circuit Breakers
Exterior: Other, Wood Frame, Vinyl Siding
Flooring: Carpet, Laminate, Vinyl
Foundation: Poured Concrete, Slab
Lot: Rural, Level
Parking: Gravel,11 - 20 Spaces, Detached
Road Surface: Paved
Sewer: Private Sewer
SQ FT Above Grade: 2176
SQ FT Below Grade: 576
Water: Private
Listed By / Shown By
Listed By
Agency Name: Maine Values Real Estate
Agent Name: Gregory Hoar
Agency Phone: 207-838-7773
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 1,552.95 per month $1,112.78 Principal & Interest $294.33 Property Tax $145.83 Homeowner's Insurance
290 Penney Road | MLS# 1678845
This multi-family property located at 290 Penney Road, New Gloucester, ME 04260 is currently listed for sale with an asking price of $499,999. Search New Gloucester real estate on www.masiellogrouprealestate.com today.