Courtesy: Real Broker
207-272-3954
Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
Madison is located in Maine. Madison, Maine has a population of 4,711. Madison is less family-centric than the surrounding county with 15.58% of the households containing married families with children. The county average for households married with children is 23.54%.
The median household income in Madison, Maine is $44,307. The median household income for the surrounding county is $47,488 compared to the national median of $69,021. The median age of people living in Madison is 50.1 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 43.8 inches per year, with 75.3 inches of snow per year.
