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About the Listing 2983 - 010048
A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Gas Natural,Heat Pump,Radiant
- Fireplaces: 0
- Floor: Concrete
- Above Ground Sq Ft: 2400
- Below Ground Sq Ft: 0
- Basement: Not Applicable,Slab
- Other: 1st Floor Bedroom
- Water: Public
Exterior Details
- Lot Description: Near Shopping,Near Town,Level,Open Lot
- Garage Capacity: N/A
- Zoning: RES/COM
- Roof: Flat,Membrane
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,5 - 10 Spaces,On Site,Off Street
Financial Details
- Tax Amount: $2,258
- Taxes w/Assessments: N/A
- Tax/Property ID: HAMN-000020-000000-000009
- Tax Year: 2025
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372 Old County Rd Hampden, ME 04444
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