Bought with Shirley Wright NextHome Experience
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Key Details
Sold Price $250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 936 sqft
Price per Sqft $267
MLS Listing ID 1649605
Full Baths 4
Year Built 1900
Tax Year 2024
Lot Size 0.620 Acres
Property Description
Excellent investment opportunity in the heart of Corinth!
This property, located at 348 Main Street in Corinth is a nice, four-unit apartment building that offers strong income potential in a highly convenient, central location--perfectly situated between Bangor and Dover-Foxcroft.
The property features one spacious two-bedroom unit, one, one-bedroom unit, and two efficiency units with a solid history of consistent occupancy. Heat is provided by a single oil-fired furnace, keeping systems centralized and efficient, and the building is served by private water and sewer.
The current owner has completed several recent upgrades, adding to the overall condition and long-term value of the property. Recently, solar panels were added to the building. With easy access from the road, high visibility, and a walkable Main Street location, this building is attractive to tenants and easy to manage.
Whether you're expanding your portfolio or stepping into your first multi-unit investment, this property offers reliable rental demand, a practical unit mix, and strong upside potential in a growing area. A solid, income-producing asset in a great location.
Call today to set up a showing!
Location
State ME
County Penobscot
Zoning Residential
Interior
Heating Oil, Baseboard
Cooling None
Flooring Carpet, Laminate, Vinyl
Exterior
Parking Features Gravel, 5 - 10 Spaces
Roof Type Shingle
Building
Lot Description Intown, Level, Sidewalks
Foundation Stone, Granite
Water Private
Schools
School District Rsu 64/Msad 64
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