Property Description

Turn key 3 family investment opportunity in one of New England's most desirable and rapidly growing locations. This well maintained property features updated units with separate electric and individual heating systems, keeping operating expenses low and making management simple. Two units offer 2 bedrooms each, while the spacious owner's or premium rental unit spans the 2nd and 3rd floors with 3 bedrooms plus an office and the added comfort of central air for those warm summer days. Tenants love the convenience of in-unit laundry in two of the apartments.The property also offers ample on site parking, an attached garage for storage or vehicle use, plus a carport for additional covered parking. Strong rental history with current income exceeding $75,000 annually makes this an attractive option for investors or owner-occupants looking to offset expenses with solid cash flow.Located in one of Maine's hottest real estate markets, Biddeford continues to attract attention for its thriving foodie and brewery scene, beautiful beaches, and growing startup, technology, and manufacturing presence. The nearby University of New England brings continued energy and demand to the area with its expanding world-class campus. Easy access to Portland and convenient proximity to Boston make this an ideal location. A rare opportunity to own a strong income producing property in a vibrant and growing Southern Maine community!

Property Features