Well-maintained and versatile 2-unit property in a convenient Auburn location, offering strong income potential and additional value-add opportunities. The first-floor unit features 3 bedrooms and 1 full bath, while the second-floor unit offers 2 bedrooms with the potential for a third, making this an attractive setup for both owner-occupants… Read More and investors. Each unit has its own boiler, with tenants responsible for their own heat--helping to keep operating costs predictable. Based on current numbers, the property operates around a ~6.8% cap rate, with the potential to reach the high 7% range as rents are brought to market levels. A standout feature is the third-floor space, which is currently being utilized by the owner for additional bedrooms. This area offers flexibility for living space storage, workspace, or potential future expansion (buyers to verify all uses with local code enforcement). Additional highlights include solar panels installed approximately 2 years ago, offering long-term energy savings, and a layout that supports both steady cash flow and future upside. Whether you're looking to owner-occupy and offset your mortgage or add a value-add multi-unit to your portfolio, this property presents a strong opportunity in today's market. Group showings will be held on Friday April 10 from 4:00pm to 6:00pm and Saturday April 11 from 11:00 am to 1:00pm. Please text or email listing agent if you plan on attending one of the group showings. All offers are due by Tuesday April 14 at 5:00pm Read Less
Courtesy of Meservier & Associates 207-784-2525
Listing Snapshot
Days Online
10
Last Updated
Full Baths
2
Square Ft.
2,253
Lot Size
0.11 Acres
Year Built
1920
MLS Number
1656930
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 2,253, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1920
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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