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12 Wiley Street

Bangor, ME 04401
  • $335,000
  • STATUS: Pending
  • MLS #: 1581900
Pending
$335,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,496
    SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

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Description

ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.

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Maine Real Estate Information Systems logo
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.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-03-04T23:50:00.4.
www.davidmarshallteam.com/homes/147408327
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12 Wiley Street Bangor, ME 04401

  • Price: $335,000
  • Status: Pending
  • On Site: Days
  • MLS #: 1581900
0
Beds
4
Baths
0
½ Baths
0.15
Acres
3,496
SQFT
$96
$/SQFT
1910
Built
County:
Penobscot
Area:
Bangor
Property Description
ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.
Exterior Features

Architectural Style ColonialNew EnglanderOther Style Attached Garage YN No Construction Materials Other ExteriorCompositionAsbestosWood Frame Foundation Details StoneBrick/Mortar Garage YN No Lot Features LevelOpen LotIntownNear ShoppingNeighborhood Other Structures Shed(s) Parking Features PavedOff Street Patio And Porch Features Deck Road Surface Type Paved Roof Metal Water View No Waterfront YN No

Interior Features

Above Grade Finished Area 3496 Basement FullInterior EntryUnfinished Below Grade Finished Area 0 Carpet Floors YN Yes Cooling Heat Pump Cooling YN Yes Flooring WoodVinylLaminateCarpet Heating RadiatorHot WaterBaseboard Heating YN Yes Interior Features Bathtub Laundry Features Laundry - 1st FloorMain Level Wood Floors YN Yes

Property Features

Association YN No Electric Circuit Breakers Gross Income 53600 Has No Restrictions Yes Land Lease YN No Operating Expense 13476 Pets Allowed No Restrictions Property Seasonal No Sewer Public Sewer Tax Annual Amount 4140 Tax Year 2024 Utilities Utilities On Water Source Public Zoning URD1

Maine Real Estate Information Systems logo Listing provided courtesy of EXP Realty: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
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.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-03-04T23:50:00.4.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
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