United StatesMaineBiddeford20-22 Mount Pleasant Street

20-22 Mount Pleasant Street
Biddeford, ME 04005

$469,000
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Outstanding Investment Opportunity!Two buildings on a 1/3-acre lot offering $54,000/yr in gross income and over $36,000/yr in net income despite under-market rents and the owner contracting out all property management/maintenance services. This...
3
Full Baths
1
Partial Bath
4,417 Sq Ft.
Interior
.32 Acres
Exterior
Multi-Family Homes
Property type
1890
Year Built
1494456
Web Id
1494456
MLS ID
Biddeford
School District
This Property is Currently Contract Pending

About 20-22 Mount Pleasant Street

Outstanding Investment Opportunity!Two buildings on a 1/3-acre lot offering $54,000/yr in gross income and over $36,000/yr in net income despite under-market rents and the owner contracting out all property management/maintenance services. This investment property includes off-street parking for 10+ vehicles, separate driveways for each building, a one-car garage, and quality vinyl siding. The property is in a fantastic neighborhood that is within easy walking distance of Biddeford schools and multiple parks and is very accessible to I-295 and Biddeford's Downtown district.20 Mount Pleasant Street is a 2-unit duplex with 3-bedroom/1-bath apartments on the first and second floors. The electrical system has been completely upgraded including the box and all wiring, and the basement has been professionally insulated with efficient spray foam insulation. These two units currently have 2+ year tenants in place with leases that expire at the end of June. Both tenants are going month-to-month through the listing and sale process but are receptive to re-leasing with new owners.22 Mount Pleasant Street is a 4-bedroom, 1.5-bath single-family home that has been rented to UNE College of Medicine students for the last four years since the owner moved off-property after owner-occupying. The medical students pass along word of the excellent setup this property offers to incoming medical students, so it essentially fills itself with new tenants once the current set is ready for their next chapter. This building is turning over from one set of UNECOM students to another on July 1 with a 12-month lease in place for the incoming group. This home includes a washer/dryer, large eat-in kitchen with pantry and lots of cabinet space, a front porch off of one of the second-floor bedrooms, as well as a heated one-car garage (with workbench) that, depending on the arrangement, could offer additional income opportunities.

Listing Courtesy of Coldwell Banker Realty

Amenities

  • Cable / Satellite TV
  • Carpet
  • Counter Top - Tile
  • Deck
  • Laundry

features

cooling
Gas
lot description
laminate flooring
Additional Listing Type
In Contract

PROPERTY INFORMATION

Amenities
1st Floor Bedroom, Deck, Laundry - 1st Floor, Laundry - 2nd Floor
Basement
Brick/Mortar, Full, Slab, Unfinished
Heating
Direct Vent Heater
Location
Intown, Near Railroad, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood
Parking Description
5 - 10 Spaces, On Site, Paved
Sewer
Public Sewer
Style
Contemporary, Duplex, New Englander
Water
Public
Waterfront
No

EXTERIOR

Exterior Features
Vinyl Siding
Roofing
Pitched, Shingle

INTERIOR

Flooring
Carpet, Laminate, Tile, Vinyl
Listing Courtesy of Coldwell Banker Realty
Listing Courtesy of Coldwell Banker Realty
Legacy Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at 20-22 Mount Pleasant Street, Biddeford, Maine 04005 United States is a Multi-Family Homes with bedrooms, 3 full baths, and 1 partial baths. It is located in , Biddeford, Maine, and is in the 04005 zip/post code area. This home of 4,417 Sq.Ft. was built in 1890 and is on a .32 Acres lot. Legacy Sotheby’s International Realty also has property listings in cities near Biddeford, including Biddeford, Saco and Ocean Park. If you would like more information about this home for Sale at 20-22 Mount Pleasant Street, Biddeford, Maine 04005 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
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Coldwell Banker Realty

Listing Courtesy of Coldwell Banker Realty
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