1650 Post RoadWells, ME 04090Sale Price: $450,000

  • Sale Price: $450,000
  • 4 Days Since Sale
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Federal 30-year interest rate: 3.04% last updated on Apr 15, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $439,900List Price
  • 0.27Acreage
  • 2,128Square Feet
Unique opportunity to own a 4-unit apartment building in Wells. This 1900's classic colonial features 4, one-bedroom/one-bath apartments with open-concept kitchen and living areas. The building offers two units upstairs and two units down. This .273-acre lot features ample parking for tenants and is conveniently located to many local amenities. Walking distance to Wells Harbor, IGA, numerous restaurants, Cumberland Farms, etc. Currently the building is fully rented month-to-month with no long-term leases in place. Rents are well below market, so there is plenty of room for added revenue. Since the building is in the General Business District there are endless opportunities including a commercial conversion, owner occupied living, weekly rentals or continued use as a long-term rental apartment building. The property has had many upgrades over the past 10 years or so including a new roof, furnace, dry basement system, updated wiring, and some components to the kitchens and baths. This one won't last long! In an effort to minimize the impact on the tenants, showings will be group showings conducted once a week. All Covid-19 precautions will be enforced including wearing a mask and gloves. First Showings will be by appointment only this Saturday, 2/27 from 11AM - 2PM. Call today to setup you time to see this unique opportunity!
Listed by EXIT Oceanside Realty

Listing Sold by Anne Erwin Sotheby's International Realty

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2021 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Manuela Kutzer participates in ©2021 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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