54 Weston Avenue

Madison ME 04950

4684 sq. ft.

10018.8 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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!

Features

3 bathrooms

2 carspaces

2 garage spaces

4684 sq. ft. floor area

10018.8 sq. ft. lot size

Multi-Family

Property history for 54 Weston Avenue

2022

Sold

$150,000

30 Aug 2022 by Fred Webber, of Webber Real Estate

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