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15 Grace Court

Bangor

$249,900

beds   ·   3 baths   ·   1,144 sqft   ·   0.07 acres   ·   taxes: $2,669   ·   MLS#: 1662790

Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment portfolio, this property offers strong economic potential in a high-demand rental market. Unit Composition: 3 residential units totaling 3 bedrooms and 3 full baths. The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year. Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance. Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000! Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market.

MORE DETAILS

Structure

  • Electric : On Site, Circuit Breakers
  • Year Built : 1900
  • Style : New Englander, Other
  • Flooring : Carpet, Laminate, Vinyl, Linoleum
  • Garage Spaces : 0.00
  • Roof : Shingle
  • Basement : Interior Entry, Full, Sump Pump, Unfinished
  • Heating : Gas Natural, Baseboard, Hot Water
  • Cooling : None

Site

  • Water Body Type : Nearby, River/Brook/Stream
  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : URD-1
  • Road Surface Type : Paved
Listing provided by Realty of Maine

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