Here is a great opportunity to add to your portfolio this money-making duplex. It features two side-by-side units, each with in-unit laundry. A recent bathroom remodel, improved stairs, and heat pumps were installed. The oil furnace and roof are in great shape. The building is located 10 minutes from Bangor and Brewer. Currently tenant occupied.
Multi-familyProperty Type
1900Year Built
1.57 acresLot Size
$130Price/Sq.Ft.
2 garage spacesParking
Listed by Davian Akers• Keller Williams Realty
Listed by James {Jim} Cash• Keller Williams Realty
Bought with Richard Fraser• Coldwell Banker Realty
MONEY MAKER! This two-floor, townhouse style two-unit property provides is in the country yet only 10 minutes from Bangor/Brewer. Each unit features two-floor living, two bedrooms, one full bathroom and in-unit washer/dryer. Open spaces and sunny living areas combine with the original wood floors and turn of century charm. These elements work seamlessly to create a feeling of relaxed tranquility. Keep the additional detached barn for your personal/owner storage or let tenants store a vehicle or other to increase rental income. Use property as a true money maker or occupy one unit and use second to may mortgage. Currently tenant occupied.
MREIS #1465466
Oct 22, 2020
Sold
$195,000
$101/sq ft
Aug 20, 2020
Listed
$199,000
$103/sq ft
+77
Built in approx. 1900, this two-floor, townhouse style two-unit property provides a true investment opportunity just 10 minutes from in town. Each unit features two-floor living, two bedrooms, and one full bathroom. With open spaces and comfortable living areas, the original wood floors and interior character give a feeling of relaxed tranquility while keeping you close to everything. With current tenants, separate electric meters, and additional detached storage for a vehicle or anything else, this is a fantastic investment opportunity for anyone interested. Currently tenant occupied.
Year
Property tax
Land + Additions
Assessment*
2024
$2,826 (+4.9%)
$45,300 + $214,000
$259,300
2023
$2,693 (+27.9%)
$42,100 + $202,700
$244,800
2022
$2,105 (−8.0%)
$42,100 + $123,000
$165,100
2021
$2,288 (+4.7%)
$42,100 + $110,400
$152,500
2020
$2,185 (+1.8%)
$42,100 + $95,300
$137,400
2019
$2,147 (+14.4%)
$42,100 + $92,900
$135,000
2018
$1,877
$42,100 + $92,900
$135,000
2017
$1,877 (+79.6%)
$42,100 + $92,900
$135,000
2016
$1,045 (+4.5%)
$38,900 + $33,900
$72,800
2015
$1,000 (−5.2%)
$35,800 + $33,900
$69,700
2014
$1,055 (+6.7%)
$42,200 + $31,300
$73,500
2013
$989
$42,200 + $31,300
$73,500
Tax history for 314 River Rd
Year
Property tax
Land + Additions
Assessment*
2024
$2,826 (+4.9%)
$45,300 + $214,000
$259,300
2023
$2,693 (+27.9%)
$42,100 + $202,700
$244,800
2022
$2,105 (−8.0%)
$42,100 + $123,000
$165,100
2021
$2,288 (+4.7%)
$42,100 + $110,400
$152,500
2020
$2,185 (+1.8%)
$42,100 + $95,300
$137,400
2019
$2,147 (+14.4%)
$42,100 + $92,900
$135,000
2018
$1,877
$42,100 + $92,900
$135,000
2017
$1,877 (+79.6%)
$42,100 + $92,900
$135,000
2016
$1,045 (+4.5%)
$38,900 + $33,900
$72,800
2015
$1,000 (−5.2%)
$35,800 + $33,900
$69,700
2014
$1,055 (+6.7%)
$42,200 + $31,300
$73,500
2013
$989
$42,200 + $31,300
$73,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.