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Multi-FamilyMEWells040901646 Branch Road, Wells, ME, 04090

1646 Branch Road, Wells, ME, 04090

1646 Branch Road, Wells, ME, 04090
4 baths
$849,999
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Basics

  • Date added: Added 7 hours ago
  • Category:
  • Status:
  • Bathrooms: 4
  • Lot size: 1 sq ft
  • Year built: 1974
  • Bathrooms Full: 4
  • Lot Size Acres: 1 acres
  • Zoning: R
  • County: York
  • MLS ID: 1653362

Description

  • Description:

    Rare Fourplex Opportunity in Wells, Maine - 1646 Branch Road

    Investors take notice! This rare four-unit property in desirable Wells, Maine offers strong rental income with additional upside potential. Each unit features 2 bedrooms and 1 full bath, providing an ideal layout for long-term tenants.

    Units A & B are heated with efficient kerosene monitor heaters, while Units C & D have been updated with newer Rinnai propane heaters, offering improved efficiency and reliability. One unit will be delivered vacant at closing--perfect for an owner-occupant looking to offset their mortgage or for an investor seeking immediate rent growth.

    Current rents are solid with room for improvement, making this a strong value-add opportunity in a high-demand rental market. Conveniently located near area beaches, shopping, and commuter routes, this property combines steady income potential with long-term appreciation in one of Southern Maine's most sought-after communities.

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Location

  • View: Trees/Woods

Building Details

  • Building Area Total: 3168 sq ft
  • Number Of Units Total: 4
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Split Level, Colonial
  • Sewer: Septic Tank, Private Sewer
  • Heating: Direct Vent Heater, Baseboard
  • Roof: Shingle
  • Foundation Details: Block
  • Levels: Multi-Level
  • Basement: ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Vinyl, Laminate, Carpet
  • Utilities: Utilities On
  • Parking Features: 11 - 20 Spaces, Gravel, On Site, Off Street
  • Garage Spaces: 0
  • WaterSource: Well, Private
  • Lot Features: Level, Wooded, Abuts Conservation, Rural
  • Cooling: None

Fees & Taxes

  • Gross Income: $89,040

School Information

  • High School District: Wells-Ogunquit CSD

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: River's Edge Realty LLC

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