Bought with Portside Real Estate Group
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Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Square Footage 1,872 sqft
MLS Listing ID 1609920
Style Duplex
Full Baths 2
Half Baths 2
Year Built 2001
Annual Tax Amount $5,285
Tax Year 2024
Lot Size 0.790 Acres
Property Description
Extremely rare offering in Kennebunk! Outstanding Duplex each unit offering 2 bedrooms and 1.5 baths sited on .79 acres. It's located in town, on a quite dead-end street offering an excellent neighborhood vibe. Unit 2 was fully renovated in 2023. Heat pumps were added in each unit that same year, thus, eliminating the reliance on oil for heating. Storage is ample thanks to the large, full, and dry basement. Additionally, each unit has its own dedicated shed further improving personal belonging overflow. Unit 1 is Tenancy-at-Will and will be moved out prior to the sale. However if investor purchased, this tenant would be willing to stay with updated terms & conditions. Unit 2 is renting for $2,250/m which is low considering fair market value is anywhere from $2,500/m-$2,700m for each unit. Tenants pay all utilities. This is the perfect investment opportunity providing the right amount of cash flow to be self-sustaining and predictable. It's also an ideal candidate to be owner occupied. Live in one unit and have the other help pay the mortgage. Located close to everything Kennebunk has to offer. Schools, Turnpike Exit, Town Center, and Beaches. Must be seen!!
Location
State ME
County York
Zoning 006
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Wood, Tile, Carpet
Exterior
Parking Features 5 - 10 Spaces, Gravel, Off Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Building
Lot Description Level, Open Lot, Landscaped, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood
Foundation Concrete Perimeter
Sewer Private Sewer, Septic Existing on Site
Water Private, Well
Structure Type Vinyl Siding,Wood Frame
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