Madawaska
$149,900
400 E Main Street
mls: 1679725
Bathrooms: 2
Year Built: 1926
Sq Footage: 2,600
Lot Size: 0.06
Taxes: $2,058
Status: Active

Also listed as MLS#1677210 & #1679792. A unique and versatile Main Street investment opportunity offering approximately 2,600 square feet across three finished levels, with excellent potential to create a strong multi-family property with multiple income-producing spaces.

Listed by: Crown Lakes Realty

Also listed as MLS#1677210 & #1679792. A unique and versatile Main Street investment opportunity offering approximately 2,600 square feet across three finished levels, with excellent potential to create a strong multi-family property with multiple income-producing spaces. With its flexible layout, multiple entrances and highly visible location. The upper level features a nicely renovated one-bedroom apartment with an oversized living area, full kitchen, private laundry, and an updated modern bathroom with a custom walk-in tile shower. This comfortable and updated apartment is already well suited for rental income or owner occupancy. The first floor offers an exciting opportunity to create a second residential unit. With a separate entrance, welcoming front area, and four finished rooms, the space already provides a flexible foundation for an additional apartment. With the addition of a full bathroom and the appropriate improvements and approvals, this level could become an excellent second rental unit, creating the potential for two residential units within the property. The lower level adds even more usable finished space and includes a kitchenette and bathroom, offering additional flexibility for storage, recreation, workspace, studio use, or other potential uses. Depending on an investor's vision and applicable approvals, the lower level could further enhance the property's functionality and income potential. The Main Street location also provides an opportunity for a commercial component, making this property appealing to an investor interested in a combination of residential and professional or business use. The first floor could potentially accommodate office or studio space instead of residential use, providing flexibility to adapt the property to the needs of the market. If you're looking to expand an investment portfolio, create a two-unit residential property, live in one unit while generating rental income from another this is the one!

Listed by: Crown Lakes Realty

Above Grade Finished Area
1900.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Interior Entry, Walk-Out Access, Finished, Full
Bathrooms Full
1
Bathrooms Total Integer
2
Below Grade Finished Area
700.00
Body Type
Building Area Total
2600.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
Heat Pump
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Laminate
Foundation Details
Poured Concrete
Garage Spaces
1.00
Garage Yes/No
1
Green Energy Efficient
Heating
Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Intown, Near Shopping, Corner Lot, Rolling Slope, Sidewalks
Lot Size Acres
0.0600
Other Equipment
Other Structures
Parking Features
Paved, 1 - 4 Spaces, Off Street, On Street, Garage Door Opener, Inside Entrance
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
2057.63
Utilities
Water Source
Public
Waterfront Features
Year Built
1926
Zoning
Commercial