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$260,000   Price Analysis
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3 Long Falls Dam Rd
New Portland, ME 04961
Unknown bed 4 bath 1,428 SqFt ($182/SqFt)
0.26 acre lot. Built 1870
Listed 2024-06-19
USDA Eligible
near New Portland, ME
 

An outstanding opportunity to own this 4 unit apartment building that is centrally located between Kingfield and Madison.

Excellent rental h istory. Fourth unit studio apartment recently added. 2 of the other 3 units have had recent updating.

Close to all outdoor activities including 30 minutes to Sugarloaf to ski or golf and numerous hiking /biking trails. Come see the possibilitis for this investment property!


Presented by Christopher Rushton at
Keller Williams Realty Greater Portland.
Listing Agent Photo

Property MLS #1593974 from MaineListings

Total Bathrooms: 4
Full Bathrooms: 4

Basement Features: Brick/Mortar, Dirt Floor, Walk-Out Access, Full, Exterior Entry, Bulkhead, Unfinished

Heating Features: Multi-Zones, Forced Air, Direct Vent Heater, Direct Vent Furnace
Heating: Yes

Flooring: Wood

Patio And Porch Features: Glass Enclosed

Lot Description: Corner Lot, Landscaped, Rural
Lot Size Acres: 0.26
Lot Size Square Feet: 11326

Parking Features: 5 - 10 Spaces, Gravel, Common, Off Street

Gross Income: 36300

Number of Units: 4

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 2687
Source Listing Status: Active
County: Somerset
Directions: From Rt 16 in center of Kingfield, approximately 10 miles east. GPS friendly
Tax Year: 2023
Source Property Type: Multi-Family
Parcel Number: MPRD-000001-000000-000031
Postal Code Plus 4: 3014
Zoning: Residential
Source System Name: C2C

Listing removed 2023-02-04
$0
Zumper
Listing removed 2023-02-03
$0
TurboTenant
Listed for rent 2023-01-20
$850
TurboTenant
Listed for rent 2023-01-20
$850
Zumper

Operating Expense: 6710

Year Built: 1870
Above Grade Finished Area: 1428
Building Area Total: 1428
Building Exterior Type: Wood Siding, Wood Frame
Construction Materials: Wood Siding, Wood Frame
Property Age: 154
Roof: Metal
Architectural Style: New Englander

Sewer: Private Sewer, Septic Existing on Site
Utilities On
Water Source: Public

Carrabec Community School is a public elementary and middle school located approximately 7.7 miles away.
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Carrabec High School is a public high school located approximately 7.9 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.