72-74 3rd Street, Bangor, ME 04401

$1,149,000
Property Type: Multi-Family Baths: 8 Square Footage: 12,418 Lot Size (sq. ft.): 9,148 Status: Closed
Current Price: $1,149,000 List Date: 7/16/2024 Last Modified: 1/19/2025

Description

AMAZING INVESTMENT OPPORTUNITY! Just steps from downtown, this building has been meticulously renovated throughout while maintaining the original woodwork and architecture. Renovations include new tile bathrooms, custom showers, kitchens with granite and stainless steel appliances, new solid oak wood flooring and new windows. All new plumbing and electrical as well as electric service entrance for entire building. The entire roof system (including trusses) was replaced in 2019 along with extensive repointing of brick exterior. There is ample parking in the rear for all units. The building is 100% occupied, has professional and long-term tenants, and excellent income history. This property and its countless improvements must be seen to fully appreciate. Pre-approval or proof of funds is required prior to any scheduled showings. 24-hour notice is required.

Supplements: ********

More Information MLS# 1597045

Location Information

Book: 14624 Leased Land: No Page: 84 Map: 34 Lot: 209 Zoning Overlay: Unknown Association: No Street #: 72-74 Street Name: 3rd Street Type: Street County: Penobscot Town: Bangor State/Province: ME Zip Code: 04401 Zip +4: 6171 Zoning: r Full Tax Amount $: 7470 Tax Year: 2023 Geo Lat: 44.798199 Geo Lon: -68.778209

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 8 Lot Size Acres +/-: 0.21 Total Baths: 8 Total Half Baths: 0 SqFt Finished Above Grade: 10758 SqFt Finished Below Grade: 1660 SqFt Source: Seller Garage: No Garage Spaces: 0 Total Full Baths: 8 Year Built: 1880 SqFt Finished Total: 12418 Source of Acreage: Seller

Site

Level: 1

Location

Other Location: 1

Roads

Paved: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Other: 1

Levels

Multi-Level: 1

Basement

Finished: 1 Full: 1

Exterior

Brick: 1

Roof

Fiberglass: 1 Shingle: 1 Tar/Gravel: 1

Heat System

Baseboard: 1 Heat Pump: 1 Hot Water: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 133800 Operating Expenses: 999

Cooling

Other: 1

Floors

Tile: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 5 # of 2 BD Units: 1 # of 3 BD Units: 2

Parking

Off Street: 1 On Street: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1475 # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Pole: yes Utilities On: Yes

Unit 3

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1350 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Basement Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Common: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1289000 Sold Price: $1,149,000 Current Price: $1,149,000

Status Change Info

Pending Date: 2024-09-24 Closed Date: 2024-12-06 Closed Price: 1149000

Property Features

Site: Level Location: Other Location Roads: Paved Style: Other Levels: Multi-Level Construction: Other Basement: Finished; Full Basement Entry: Interior Exterior: Brick Roof: Fiberglass; Shingle; Tar/Gravel Heat System: Baseboard; Heat Pump; Hot Water Heat Fuel: Gas Natural Water Heater: Electric Cooling: Other Floors: Tile; Vinyl; Wood Driveway: Common Parking: Off Street; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: OwnerEntry.com
IDX
Last Updated: January - 19 - 2025
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