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42 Island Avenue, Orono, ME 04473

$199,900
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BEDS5 BATHS1 full 1 partial SQUARE FEET1,365 MLS#1684495
STATUSActive PROPERTY TYPEResidential - Single Family

Property Description

Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.

42 Island Avenue | MLS# 1684495

This single family home located at 42 Island Avenue, Orono, ME 04473 is currently listed for sale by Better Homes & Gardens Real Estate/The Masiello Group, with an asking price of $199,900. This property was built in 1917 and has 5 bedrooms and 1 full and 1 partial baths with 1365 sq. ft. Search Orono real estate on www.masiellogrouprealestate.com today.

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Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Interior Entry, Dirt Floor, Full, Unfinished
Cooling: Heat Pump
Heating: Electric, Oil, Forced Air
Home Style: Colonial
Lot Size: 0.08 Acres
Roof Type: Shingle
Taxes: $3,154
Year Built: 1917

Feature Descriptions

Amenities: 1st Floor Bedroom, Bathtub, Main Level, Shower
Appliances: Dryer, Electric Range, Refrigerator, Washer
Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Laminate, Vinyl, Wood
Lot: Intown, Near Country Club, Near Golf Course, Near Turnpike/Interstate, Near Town, Open Lot
Parking: Paved,1 - 4 Spaces
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 1365
SQ FT Below Grade: 0
Total Rooms: 7
Water: Public

Listed By / Shown By

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Listed By

Agency Name: Better Homes & Gardens Real Estate/The Masiello Group
Agent Name: Holly Taylor
Agency Phone: (207) 431-2755

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Estimated Payment

$ 766.03 per month $444.89 Principal & Interest $262.83 Property Tax $58.30 Homeowner's Insurance

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