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Ed Gardner

ed@gardnerregroup.com +1(207) 415-4493

Listed by Tracy Ostlund NextHome Discover

$ 299,000

Est. payment -/mo

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New

1694 Main ST Mapleton, ME 04757

5 Baths

2,840 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,840 sqft

Price per Sqft $105

MLS Listing ID 1678795

Full Baths 4

HOA Y/N No

Tax Year 2024

Lot Size 0.960 Acres

Acres 0.96

Source Maine Listings

Land Area 2840

Property Description

Exceptional investment opportunity with multiple income streams! This 4-unit apartment building is situated on just under an acre of land and includes a 1-car garage. Also offering an outdoor recreation area with a fire pit and picnic area as well as access to the North branch of the Presque Isle stream that borders the property. With direct access to the ATV/Snowmobile trail, plenty of parking and a gas station/convenience store across the street yet only 10 minutes from Presque Isle. The property offers a desirable mix of short-term rental and traditional market rental opportunities, along with the flexibility for an owner-occupant to live in one unit while generating income from the others. The first floor features two recently renovated and fully furnished units currently operating as Airbnb/short-term rentals. The larger unit offers 3 bedrooms and 1.5 baths, a spacious living room, washer and dryer, dishwasher, and a back deck for added outdoor living space. The second first-floor unit features 2 bedrooms and 1 bath and has also been recently renovated and comes fully furnished with its own washer and dryer. The second floor consists of two 1-bedroom apartments currently utilized as market rentals. One unit has been renovated, while the other provides an opportunity for future improvements and added value. The 3-bedroom unit is heated with a forced hot air furnace, while the remaining units are heated with electric heat. Whether you're an investor looking to diversify your portfolio or a buyer seeking a unique homeownership opportunity, this property offers plenty of flexibility. Live in one of the units and rent the remaining apartments to help offset the expenses of homeownership while building equity. Continue the successful short-term rental setup, maintain the long-term rentals, or explore a combination that works best for your goals. A versatile property with income potential and plenty of opportunity!

Location

State ME

County Aroostook

Zoning Residential

Direction Located directly across the road from Mapleton One Stop on Rte 163.

Body of Water Presque Isle Stream

Rooms

Basement Bulkhead, Interior Entry, Unfinished

Interior

Heating Electric, Oil, Baseboard, Forced Air

Cooling Window Unit(s)

Flooring Vinyl

Equipment Internet Access Available

Furnishings Partially

Laundry Main Level

Exterior

Parking Features Reclaimed, 11 - 20 Spaces, On Site, Garage Door Opener, Detached

Garage Spaces 1.0

Roof Type Shingle

Porch Deck

Garage Yes

Building

Lot Description Intown, Near Shopping, Near Town, Level, Open Lot, Sidewalks

Water Private, Well

Architectural Style New Englander

Others

Tax ID MAPL-000014-000000-000006

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+1(207) 427-3637

admin@gardnerregroup.com

511 Congress St. STE 101, Portland, ME 04101

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