54 Weston Ave, Madison, ME 04950
- $265,000
- 3
- BA
- 3,984
- SqFt
Listing courtesy of Real Broker.
- List Price
- $265,000
- MLS#
- 1672049
- Status
- ACTIVE
- Type
- Multifamily
- City
- Madison
- County
- Somerset
- Bathrooms
- 3
- Living Area
- 3,984
- Lot Size
- 10,018
- Year Built
- 1910
Property Description
Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
Additional Information
- Living Area
- 3,984
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Doghouse, Interior Entry, Walkout, Finished, Full, Unfinished
- Cooling
- None
- Year Built
- 1910
- Acres
- 0.23
- Roof
- Metal, Shingle
- Foundation
- Granite, Poured Concrete
- School District
- RSU 59/MSAD 59
- Style
- Victorian
- Stories
- 2
- Courtesy Of Listing Office
- Real Broker
Mortgage Calculator
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