Mexico
$169,900
12 Brown Street
mls: 1662248
Bathrooms: 2
Year Built: 1920
Sq Footage: 1,700
Lot Size: 0.09
Taxes: $1,914
Status: Active

Price Improvement! Don't miss this excellent opportunity to own a fully occupied 2-unit property in Mexico, Maine. With immediate rental income, a recent price reduction and strong long-term investment potential, 12 Brown Street is an ideal opportunity for both seasoned real estate investors and buyers looking to purchase their first investment property.

Listed by: RE/MAX Shoreline

Price Improvement! Don't miss this excellent opportunity to own a fully occupied 2-unit property in Mexico, Maine. With immediate rental income, a recent price reduction and strong long-term investment potential, 12 Brown Street is an ideal opportunity for both seasoned real estate investors and buyers looking to purchase their first investment property. This income producing duplex features an easy to manage two-unit layout, making it an attractive alternative to larger apartment buildings. Both units are currently occupied, providing immediate cash flow from day one. The property also includes a detached garage, offering valuable storage space or the potential for additional rental income. A newer roof installed in 2022 helps minimize major near term capital improvement expenses. Located in the heart of Mexico, Maine, you'll enjoy convenient access to shopping, restaurants, schools, parks, and local services, while being just minutes from Rumford, Maine and surrounding employment opportunities. Outdoor enthusiasts will appreciate nearby skiing at Black Mountain and Sunday River, hiking, fishing, boating, ATV and snowmobile trails, making this an attractive rental location year round. Whether you're looking to expand your real estate investment portfolio, generate passive rental income, or purchase your first multi-family investment property, this duplex offers affordability, steady cash flow and excellent long term upside. Please allow 24 hours' notice for showings.

Listed by: RE/MAX Shoreline

Above Grade Finished Area
1700.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Interior Entry, Unfinished
Bathrooms Full
2
Bathrooms Total Integer
2
Below Grade Finished Area
0.00
Body Type
Building Area Total
1700.00
Construction Materials
Wood Frame, Composition, Shingle Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Vinyl
Foundation Details
Poured Concrete
Garage Spaces
1.00
Garage Yes/No
1
Green Energy Efficient
Heating
Oil, Baseboard, Hot Water
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Bathtub, Storage
Laundry Features
Main Level, Upper Level
Lot Features
Intown, Neighborhood, Level
Lot Size Acres
0.0900
Other Equipment
Other Structures
Parking Features
Gravel, 1 - 4 Spaces, Detached
Patio And Porch Features
Porch
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
1914.00
Utilities
Water Source
Public
Waterfront Features
Nearby
Year Built
1920
Zoning
Residential