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$159,000   Price Analysis
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21 Colonial Way
Machias, ME 04654
Unknown bed 2 bath 1,464 SqFt ($108/SqFt)
3,920SqFt lot. Built 1940
Listed 2024-04-11
USDA Eligible
near Machias, ME
 

MULTI-FAMILY INVESTMENT PROPERTY NEAR CENTER OF MACHIAS: An intown

Multi-family proprty ideally situated in the heart of Machias offering easy access to business amenities and walking distance to the University of Maine at Machias. This stately, two-story building is reminiscent of an earlier time with a blend of period character and modern conveniences and is located across the street from the Burnham Tavern Museum, a prominent National Historic Site. The property consists of two, two-bedroom apartments with dedicated off-street parking for each unit. The main level unit includes a living room, two bedrooms, a full bath and eat-in kitchen.

Accessed via exterior stairs, the second level unit has a living/dining room area, two bedrooms, a full bath and kitchen. This income producing property offers numerous possibilities for the new owner. The main level unit has been used in the past for both commercial and residential purposes. The Machias Bay area is the perfect spot for residents and visitors to enjoy a wide-range of outdoor activities such as hiking, kayaking and biking. Nearby Jasper Beach, Roque Bluffs State Park and the Bold Coast Trail are local treasures. Machias was settled in 1763 and serves as the commercial, educational, medical, cultural and governmental center of Maine's easternmost county.


Presented by Shirley Erickson at
The Christopher Group, Llc.
Listing Agent Photo

Property MLS #1586151 from MaineListings

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Multi-Zones, Hot Water, Baseboard
Heating: Yes

Flooring: Wood, Vinyl, Tile, Laminate

Lot Description: Level, Intown, Near Shopping
Lot Size Acres: 0.09
Lot Size Square Feet: 3920

Parking Features: 5 - 10 Spaces, Gravel, On Site, Off Street

Gross Income: 20400

Number of Units: 2

Calculated Total Monthly Association Fees: 0
Pets Allowed: No Restrictions

Annual Tax Amount: 1491.390000000
Source Listing Status: Active
County: Washington
Directions: From Dublin Street/Main Street (US Route 1) in Machias, turn onto Colonial Way (ME-192) and travel for about two blocks to #21 on the right. The property is just past Burnham Tavern Museum on the opposite side of the street.
Tax Year: 2023
Source Property Type: Multi-Family
Parcel Number: 21ColonialWayMachias04654
Source System Name: C2C

Sold 2014-10-03
$60,000
Public Record

Operating Expense: 6350

Year Built: 1940
Above Grade Finished Area: 1464
Building Area Total: 1464
Building Exterior Type: Clapboard, Wood Frame
Construction Materials: Clapboard, Wood Frame
Foundation Details: Pillar/Post/Pier, Slab
Property Age: 84
Roof: Composition, Flat, Rolled/Hot Mop, Shingle
Architectural Style: Other Style

Sewer: Public Sewer
Utilities On
Water Source: Public

Rose M Gaffney School is a public elementary and middle school located approximately 0.4 miles away.
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Machias Memorial High School is a public high school located approximately 0.4 miles away.
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Machias Valley Christian School is a private elementary and middle school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.