Courtesy: NextHome Experience
207-573-7400
A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,575/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
Hampden is located in Maine. Hampden, Maine has a population of 7,638. Hampden is more family-centric than the surrounding county with 35.56% of the households containing married families with children. The county average for households married with children is 26.71%.
The median household income in Hampden, Maine is $94,800. The median household income for the surrounding county is $55,125 compared to the national median of $69,021. The median age of people living in Hampden is 42 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 42.4 inches per year, with 68.8 inches of snow per year.
