Exceptional investment opportunity with multiple income streams! This 4-unit apartment building is situated on just under an acre of land and includes a 1-car garage. Also offering an outdoor recreation area with a fire pit and picnic area as well as access to the North branch of the Presque Isle stream that borders the property. With direct access to the ATV/Snowmobile trail, plenty of parking and a gas station/convenience store across the street yet only 10 minutes from Presque Isle. The property offers a desirable mix of short-term rental and traditional market rental opportunities, along with the flexibility for an owner-occupant to live in one unit while generating income from the others. The first floor features two recently renovated and fully furnished units currently operating as Airbnb/short-term rentals. The larger unit offers 3 bedrooms and 1.5 baths, a spacious living room, washer and dryer, dishwasher, and a back deck for added outdoor living space. The second first-floor unit features 2 bedrooms and 1 bath and has also been recently renovated and comes fully furnished with its own washer and dryer. The second floor consists of two 1-bedroom apartments currently utilized as market rentals. One unit has been renovated, while the other provides an opportunity for future improvements and added value. The 3-bedroom unit is heated with a forced hot air furnace, while the remaining units are heated with electric heat. Whether you're an investor looking to diversify your portfolio or a buyer seeking a unique homeownership opportunity, this property offers plenty of flexibility. Live in one of the units and rent the remaining apartments to help offset the expenses of homeownership while building equity. Continue the successful short-term rental setup, maintain the long-term rentals, or explore a combination that works best for your goals. A versatile property with income potential and plenty of opportunity!
Investment opportunity!!! Four unit apartment house with a 2 car garage in the center of town. The building has recent upgrades such as new roofing and roof sheathing, new well. Large parking area and borders Presque Isle Stream.
MREIS #1317542
Aug 21, 2017
Price Changed
$89,000
$31/sq ft
Jul 16, 2017
Listed
$93,000
$33/sq ft
MREIS #1222775
Mar 21, 2017
Price Changed
$93,000
$33/sq ft
Oct 3, 2016
Price Changed
$99,900
$35/sq ft
Feb 26, 2016
Price Changed
$110,000
$39/sq ft
Jun 12, 2015
Listed
$119,000
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2018
$2,308 (+2.1%)
$18,300 + $127,800
$146,100
2017
$2,260 (−2.8%)
$18,300 + $128,000
$146,300
2016
$2,325 (+6.0%)
$18,300 + $129,800
$148,100
2015
$2,193 (+5.3%)
$18,300 + $129,900
$148,200
2013
$2,082
$18,300 + $125,300
$143,600
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
0.96 Acres
Year renovated
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Finished Sq. Ft.
0
Unfinished Sq. Ft.
0
Total Sq. Ft.
0
Year built
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Style
Multi-Family (2-4 Unit)
County
Aroostook County
APN
M014L006
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 15, 2019.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 88° expected this year, 14 days in 30 years
4/10 Wind Factor
11% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Mapleton, ME • 04757
Average low and high temperatures (°F)
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31
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70
48
57
38
41
30
27
10
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Redfin Estimate
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