176 Court St

Bangor ME 04401

2266 sq. ft.

6098.4 sq. ft.

Other

Currently for sale - view listing

Overview

Discover the potential of 176 Court Street, Bangor, ME 04401, a meticulously maintained 3-4 unit residential property situated in the heart of Bangor. Ideal for investors seeking stable income, this property features a mix of units ranging from 1-bedroom to 2-bedrooms, all leased to reliable tenants, including one who has resided for over 15 years. This investment stands out with its substantial Net Operating Income due to remarkably low operating expenses, ensuring profitable margins. Each unit offers comfortable living spaces with modern amenities and consistent updates to meet tenant needs, making it a turnkey operation for the new owner. Located in a prime area close to shops, schools, and public transportation, the building enjoys steady demand. Financially, the property generates $58, 800 annually with an attractive 8% cap rate. This is a compelling opportunity for those looking to expand their portfolio or enter the market with a dependable, income-producing asset.

Features

4 bathrooms

2266 sq. ft. floor area

6098.4 sq. ft. lot size

Other

Property history for 176 Court St

2020

Sold

$140,000

26 Aug 2020

2019

Sold

Undisclosed

04 Oct 2019

Happy sellers in Bangor

We have insufficient information to provide an overview of customer satisfaction for Bangor. Viewing the agent profiles, reviews and sales for Bangor can provide insights for this location.