Augusta
$255,000
518 Riverside Drive
mls: 1673153
Bathrooms: 2
Year Built: 1843
Sq Footage: 1,897
Lot Size: 0.47
Taxes: $2,219
Status: Active

Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find.

Listed by: Pouliot Real Estate
contact 207-248-6044

Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find. Unlike a traditional side-by-side duplex, these apartments are arranged one above the other, providing two spacious living areas with separate entrances. Whether you're looking to owner-occupy one unit while renting the other or add a solid income-producing property to your portfolio, this property is worth a closer look. An added bonus is the home's versatility. With its layout, the property could be converted back into a single-family home with relative ease, giving future owners additional options as their needs change. Each unit features bright living spaces, two comfortable bedrooms, functional kitchens, and the convenience of its own washer and dryer hookups. Each unit also offers its own heating source and own electric meter allowing for heat and electricity to be paid for by tenants should you desire. The property generates an estimated gross annual rental income of $31,200 with estimated annual operating expenses of $10,938, making it an attractive opportunity. Outside, you'll find ample parking and a manageable yard that's easy to maintain while still offering space to relax or garden. The asphalt roof, vinyl siding and vinyl window provides for ease of maintenance, plus the convenient location puts shopping, schools, and major commuting routes just a short distance away. In addition, the basement is easily accessed from an exterior door making storage a breeze. Whether you're looking to build equity through rental income, expand your investment portfolio, or own a home with built-in flexibility for the future, this property checks all the boxes. Schedule your private showing today before this opportunity is gone.

Listed by: Pouliot Real Estate

Above Grade Finished Area
1897.00
Accessibility Features
Appliances
Architectural Style
New Englander
Basement
Exterior Entry, Walk-Out Access, Full, Unfinished
Bathrooms Full
2
Bathrooms Total Integer
2
Below Grade Finished Area
0.00
Body Type
Building Area Total
1897.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Laminate, Tile, Wood, Luxury Vinyl
Foundation Details
Green Energy Efficient
Heating
Gas Bottled, Oil, Direct Vent Furnace, Forced Air
Heating Yes/No
1
Interior Features
Laundry Features
Washer Hookup
Lot Features
Near Town, Open Lot, Rolling Slope
Lot Size Acres
0.4700
Other Equipment
Internet Access Available
Other Structures
Parking Features
Paved, 1 - 4 Spaces, On Site, Off Street
Patio And Porch Features
Deck
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Private Sewer, Septic Tank
Tax Annual Amount
2219.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1843
Zoning
PD2