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Madison,ME 04950
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 2,112 sqft
Price per Sqft $92
MLS Listing ID 1636284
Style Colonial
Full Baths 3
Year Built 1940
Annual Tax Amount $1,378
Tax Year 2024
Lot Size 9,147 Sqft
Property Description
13007 - PRIME Investment Opportunity in Madison! Here's your chance to scoop up a 3-unit multi-family property sitting right on Main Street—where tenants (or you!) can walk to shops, restaurants, schools, and the park. Talk about LOCATION, LOCATION, LOCATION! This gem sits on an oversized lot with a shared driveway and comes with long-term tenants in all 3 units and a solid rental history. inside you'll find a spacious 3 bed / 1 bath unit, a 2 bed / 1 bath unit, as well as 1 bed / 1 bath. With all units currently rented and a historically low vacancy rate, you've got steady income right out of the gate!
Want to live here yourself? No problem! With no long-term leases in place, you've got the flexibility to move in and make it your own. The property already has strong bones—half the roof was replaced after the 2023 ''Grinch Storm,'' and while the other half may need updating soon, the potential here is HUGE. A little paint and TLC will go a long way in boosting value. Opportunities like this don't pop up every day. Whether you're looking to expand your portfolio or get started in real estate investing, this property checks all the boxes. Don't wait—this Madison multi-unit won't last long!
Location
State ME
County Somerset
Zoning None
Interior
Heating Hot Water,Baseboard
Cooling None
Flooring Wood,Laminate,Carpet
Exterior
Parking Features 5 - 10 Spaces,Paved,Common
View Y/N No
Roof Type Metal
Building
Lot Description Open,Level,Sidewalks,Intown,Near Shopping
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Wood Frame