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16 Walter Street

Bangor

$259,900

beds   ·   2 baths   ·   2,008 sqft   ·   0.09 acres   ·   taxes: $3,024   ·   MLS#: 1662774

This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1900
  • Style : Colonial
  • Flooring : Wood, Hardwood, Linoleum
  • Garage Spaces : 0.00
  • Roof : Shingle
  • Basement : Interior Entry, Dirt Floor, Full, Sump Pump, Unfinished, Brick/Mortar
  • Heating : Oil, Forced Air
  • Cooling : None

Site

  • Water Source : Public
  • Utilities : Utilities On
  • Sewer : Public Sewer
  • Zoning : Residential
  • Road Surface Type : Paved
Listing provided by ERA Dawson-Bradford Co.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy