$159,900
MLS#: 1629380
- Type: Multi-family
- Lot Size: 0.06 Acres
- Year Built: 1891
- Square Feet: 2,554
Property Details
Investor & Contractor Special - Unlock the Potential! This is a fantastic opportunity for savvy investors, flippers, or contractors looking for their next project. Located next to a small city park with river views, this multi-unit building offers great bones and serious upside for the right buyer. The first floor has been completely gutted. It's a blank slate waiting for your finishing touches. Whether you're planning another base rental unit or custom owner-occupied space, all the demo work is already done, saving you time and money. The second and third floors were recently rented and require some cosmetic updates to bring them up to rentable standards. With some light TLC... cleaning, painting, etc, you could have two income-producing units up and running quickly, while finishing the first floor at your own pace. Please note: This property will not qualify for conventional financing. It's best suited for buyers using cash, hard money, or private capital. With the right vision, this could be a high-yield rental, a smart flip, or a long-term hold with excellent equity potential. Properties with this kind of value-add opportunity don't last long—schedule your showing today and see the potential for yourself! (Please note some pics are from when the building was previously rented) PROPERTY BEING SOLD 'AS-IS'.
Property Listed by: Spectrum Real Estate
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
2554
Land Features
Electric:
Circuit Breakers
Water Body:
Androscoggin River
Map (approximate)
