Hampden
$499,900
372 Old County Road
mls: 1667547
Bathrooms: 4
Year Built: 1930
Sq Footage: 2,400
Lot Size: 0.4
Taxes: $2,258
Status: Active

A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino.

Listed by: NextHome Experience

A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.

Listed by: NextHome Experience

Above Grade Finished Area
2400.00
Accessibility Features
Appliances
Architectural Style
Contemporary, Ranch
Basement
Not Applicable, Slab
Bathrooms Full
4
Bathrooms Total Integer
4
Below Grade Finished Area
0.00
Body Type
Building Area Total
2400.00
Construction Materials
Steel Frame, Wood Frame, Metal Clad
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers, Three Phase
Exterior Features
Fireplaces Total
0
Flooring
Concrete
Foundation Details
Poured Concrete, Slab
Green Energy Efficient
90% Efficient Furnace, Double Wall (12''+) Construction, LED Light Fixtures
Heating
Gas Natural, Heat Pump, Radiant
Heating Yes/No
1
Interior Features
1st Floor Bedroom
Laundry Features
Main Level, Laundry - Coin
Lot Features
Near Shopping, Near Town, Other, Level, Open Lot
Lot Size Acres
0.4000
Other Equipment
Other Structures
Parking Features
Paved, 5 - 10 Spaces, On Site, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Flat, Membrane
Sewer
Public Sewer
Tax Annual Amount
2258.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1930
Zoning
RES/COM