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518 Riverside Drive , Augusta, ME 04330

$255,000
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New to the Market Active
BATHS2 full SQUARE FEET1,897 MLS#1673153
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find. Unlike a traditional side-by-side duplex, these apartments are arranged one above the other, providing two spacious living areas with separate entrances. Whether you're looking to owner-occupy one unit while renting the other or add a solid income-producing property to your portfolio, this property is worth a closer look.An added bonus is the home's versatility. With its layout, the property could be converted back into a single-family home with relative ease, giving future owners additional options as their needs change.Each unit features bright living spaces, two comfortable bedrooms, functional kitchens, and the convenience of its own washer and dryer hookups. Each unit also offers its own heating source and own electric meter allowing for heat and electricity to be paid for by tenants should you desire. The property generates an estimated gross annual rental income of $31,200 with estimated annual operating expenses of $10,938, making it an attractive opportunity. Outside, you'll find ample parking and a manageable yard that's easy to maintain while still offering space to relax or garden. The asphalt roof, vinyl siding and vinyl window provides for ease of maintenance, plus the convenient location puts shopping, schools, and major commuting routes just a short distance away. In addition, the basement is easily accessed from an exterior door making storage a breeze. Whether you're looking to build equity through rental income, expand your investment portfolio, or own a home with built-in flexibility for the future, this property checks all the boxes. Schedule your private showing today before this opportunity is gone.

518 Riverside Drive | MLS# 1673153

This multi-family property located at 518 Riverside Drive , Augusta, ME 04330 is currently listed for sale with an asking price of $255,000. Search Augusta real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Walk-Out Access, Full, Unfinished
Basement: Yes
Heating: Gas Bottled, Oil, Direct Vent Furnace, Forced Air
Home Style: New Englander
Lot Size: 0.47 Acres
Roof Type: Shingle
Taxes: $2,219
Year Built: 1843

Feature Descriptions

Amenities: Washer Hookup
Electric: Circuit Breakers
Equipment: Internet Access Available
Exterior: Wood Frame, Vinyl Siding
Flooring: Laminate, Tile, Wood, Luxury Vinyl
Lot: Near Town, Open Lot, Rolling Slope
Parking: Paved,1 - 4 Spaces, On Site, Off Street
Road Surface: Paved
Sewer: Private Sewer, Septic Tank
SQ FT Above Grade: 1897
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Pouliot Real Estate
Agency Contact: 207-248-6044
Agent Name: Matthew Pouliot

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Estimated Payment

$ 826.81 per month $567.52 Principal & Interest $184.92 Property Tax $74.38 Homeowner's Insurance

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