A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded.
The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal.
The property consists of:
One 1-bedroom unit renting for $950/month
One 1-bedroom unit renting for $1,100/month
One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month
Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump!
Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations).
Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
