Bangor
$324,900
71 1st Street
mls: 1668153
Bathrooms: 5
Year Built: 1900
Sq Footage: 2,776
Lot Size: 0.11
Taxes: $3,111
Status: Active Under Contract

**71 First St, Bangor, ME** Solid 5 unit investment property with the big ticket items already taken care of. The current owner has made major capital improvements, including a new roof, new siding, new windows, and an updated natural gas furnace.

Listed by: CENTURY 21 Queen City Real Estate

**71 First St, Bangor, ME** Solid 5 unit investment property with the big ticket items already taken care of. The current owner has made major capital improvements, including a new roof, new siding, new windows, and an updated natural gas furnace. These are some of the most expensive items investors typically face with older multifamily properties, giving the next owner a strong foundation from day one. The building offers a desirable unit mix with two 2 bedroom apartments and three 1 bedroom apartments. All units are currently on month to month leases, creating flexibility for a new owner to improve operations, adjust rents, and increase overall income potential. While the exterior and major systems have already been addressed, the interiors still offer room for value add improvements. Cosmetic updates to the units could help support higher rents, attract stronger tenants, and create forced appreciation over time. This is a property where the next investor can focus on increasing income instead of immediately replacing major building components. Located in Bangor with convenient access to downtown, hospitals, shopping, restaurants, and major employers, 71 First Street offers both current rental income and future upside. A strong option for an investor looking for a multifamily asset with completed capital improvements, flexible leases, and a clear path to improved cash flow.

Listed by: CENTURY 21 Queen City Real Estate

Above Grade Finished Area
2776.00
Accessibility Features
32 - 36 Inch Doors
Appliances
ENERGY STAR Qualified Appliances
Architectural Style
Colonial
Basement
Interior Entry, Dirt Floor
Bathrooms Full
5
Bathrooms Total Integer
5
Below Grade Finished Area
0.00
Body Type
Building Area Total
2776.00
Construction Materials
Masonry, Wood Frame, Stone, Vinyl Siding
Cooling
Window Unit(s)
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Fireplaces Total
2
Flooring
Laminate, Vinyl, Hardwood, Plank
Foundation Details
Stone
Green Energy Efficient
90% Efficient Furnace, Water Heater
Heating
Gas Natural, Baseboard
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Intown, Near Golf Course, Near Shopping, Near Town, Level
Lot Size Acres
0.1100
Other Equipment
Cable
Other Structures
Parking Features
Other, On Site, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
3111.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1900
Zoning
14 Urban Res Dist 2