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$175,000   Price Analysis
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221 Main St
Madison, ME 04950
Unknown bed 2 bath 1,855 SqFt ($94/SqFt)
0.5 acre lot. Built 1940
Listed 2024-06-09
USDA Eligible
near Madison, ME
 

Have you been looking for an impressive investment opportunity? Or maybe live in one unit and have your tenant pay most of your mortgage? If so

* Has Contingent Offer *

This exceptional property could be the one you have been looking for. Both units are vast 2 bedroom units and will be vacant at closing. There is also a nice two car garage with storage above for potential extra income. Outside on your large intown lot , you will notice plenty of yard space for outdoor activities which you or your tenants will love.

Located in a prime location in between the school and Hannaford and walking distanc to downtown and the Kennebec River for boating, swimming and fishing. Only 15 minutes to Skowhegan and 30 minutes to Waterville and Farmington.


Presented by Corey Lee at
Real Broker.
Listing Agent Photo

Property MLS #1592682 from MaineListings

Total Bathrooms: 2
Full Bathrooms: 2

1st Floor Bedroom
Bathtub
Flooring: Wood, Carpet

Basement Features: Finished, Interior Entry

Heating Features: Baseboard
Heating: Yes

Attached Garage: Yes
Garage Spaces: 2
Parking Features: 5 - 10 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance, Storage

Lot Description: Level, Open Lot, Sidewalks, Landscaped, Intown, Near Shopping
Lot Size Acres: 0.5
Lot Size Square Feet: 21780

Gross Income: 30000

Number of Units: 2

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 2064
Source Listing Status: Active Under Contract
County: Somerset
Directions: GPS compatible. Sign on property.
Tax Year: 2023
Source Property Type: Multi-Family
Parcel Number: MADN-000020-000000-000096
Postal Code Plus 4: 1519
Zoning: Per the town
Source System Name: C2C

Listed 2024-06-09
$175,000
MaineListings

Operating Expense: 9059

Year Built: 1940
Above Grade Finished Area: 1855
Building Area Total: 1855
Building Exterior Type: Wood Siding, Wood Frame
Construction Materials: Wood Siding, Wood Frame
Property Age: 84
Roof: Shingle
Architectural Style: Farmhouse, Multi-Level

Sewer: Public Sewer
Utilities On
Pole
Water Source: Public

Madison Area Memorial High School is a public high school located approximately 1.3 miles away.
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Madison Junior High School is a public 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.