Movoto Real Estate
Sold on 05/24/2024
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96 E Broadway, Bangor, ME 04401

  • $516,000

    Last sold 05/24/2024 for $520K

  • 4

    bed

  • 4

    bath

  • 4,000

    Sqft ($130/Sqft)

Multi-family not for sale
Movoto is helping 37 homebuyers near you

About 96 E Broadway

Property type Multi-family
Year built 1981
HOA fee $0/month
Lot size 0.93 Acre
Movoto estimate
Property description
2 Duplexes - 4 Units - Additional Subdivision Building Lot - Investor's Dream! ----- Step into this fantastic multifamily property, perfectly positioned in a bustling town locale, offering not one, but two charming duplexes on a generous lot. Picture this: two duplexes, each internal unit a mirror image of the other, providing easy, no-fuss living arrangements. True duplexes. ----- Currently, the rents are a steal, sitting comfortably below market value, yet still turning a tidy profit. This setup is a dream for investors looking to make their money work for them, or for savvy homebuyers seeking a place to call home with the added bonus of rental income. a 50% increase in rents would easily be supported in this market and still be very competitive. ----- Each of the four units boasts two cozy bedrooms and a well-sized bathroom, making them ideal for comfortable living. Tucked away behind the duplexes is private parking and a driveway, leading to an extra building lot included in the sale. Imagine the possibilities! ----- With roofs less than six years old, you can rest easy knowing that maintenance won't be a headache. And if you're curious about layouts, we've got you covered with available floor plans. ----- Ready to seize the opportunity of a lifetime? Come and see for yourself what awaits at this prime Bangor location. 2 duplex units and an additional building lot ready for expansion. ----- Your multifamily dream home is waiting!
Listed by
Listing Agent - Corey Dunn
Listing Office - The Rock Foundation
Source: MREIS mls logo
MLS#1586762 • last updated 4 months ago
Movoto checked MREIS for data 59 minutes ago
Overview
Heating Baseboard
Levels/Style Raised Ranch, Ranch
MLS # 1586762
Virtual Tour N/A
SqFt 4000
Status Closed
Lot Size (Acres) 0.93
Lot Size (Sqft) 40510.8
Property Tax 8330
Year Built 1981
Interior
Total # of Bathrooms 4
# Full Baths 4
Flooring Carpet, Laminate
Exterior
Roof Shingle
Amenities / Utilities
Water Source Public
Location
Zoning RES
Multifamily Details
Total # Of Units 4
Operating Expense 11430
Gross Income 51600
$516K
Range: $459K-$572K
Last 30 days 
  • May 2024
    mls logo MLS # 1586762
  • May 25, 2024 Sold
    $520,000 (-9.5%)
  • May 7, 2024 Pending
  • May 6, 2024 Active
  • Apr 18, 2024 Listed
    $574,900
  • 96 E Broadway
    $520K
  • 04401
    $449K +52% y/y
  • Bangor
    $299K 0% y/y
No chart available
Statistics calculated by Movoto

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