CURRENT CAP RATE AT 8.74
This rare and versatile property on more than an acre features three separate smart homes and is perfect for living and renting--all in one place. The main house is full of thoughtful features, with Three bedrooms and an in-law suite that includes its own kitchen. Radiant floor heating warms key areas, while two laundry rooms and custom tiled bathrooms add comfort and function. A Viessmann heating system, a newer metal roof, and a 20KW whole-house generator add peace of mind. Wall-mounted TVs are included throughout. Just steps away is a building with a full bath, two ductless mini-splits, and its own 10KW generator. Fully networked and structurally designed for a future second story, this building is ready to meet needs of all kinds. The third building, a charming rental cottage, is completely turnkey and offers an open floor plan, washer/dryer, mounted TV, Bose surround sound, and a dedicated 10KW generator. This building would make a great Short Term Rental. All three buildings are connected with smart technology, giving app-based control over lights, locks, cameras, thermostats, and alarms. With separate electric meters, In ground 500-gallon propane tanks with remote monitoring for each building, and a new leach field added in 2021, the property is set up for efficient operation. There's plenty of paved parking and extra space if a fourth building is ever desired. Just minutes from downtown Biddeford, UNE, local beaches, restaurants, and I-95, this location offers convenience and strong income potential. The flexible zoning allows for multiple property uses, making this a unique and exciting opportunity. Purchaser to verify all information during due diligence.
