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Multi-FamilyMEWells04090309 Sanford Road, Wells, ME, 04090

309 Sanford Road, Wells, ME, 04090

309 Sanford Road, Wells, ME, 04090
6 baths
$995,000
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Basics

  • Date added: Added 1 month ago
  • Category:
  • Status:
  • Bathrooms: 6
  • Lot size: 3.14 sq ft
  • Year built: 1977
  • Bathrooms Full: 6
  • Lot Size Acres: 3.14 acres
  • Zoning: RC
  • County: York
  • MLS ID: 1653538

Description

  • Description:

    Prime Southern Maine, Multifamily, Investment Opportunity. Rare opportunity to acquire a six-unit multifamily property set on over 3 acres in Wells, Maine, featuring two separate buildings on a single parcel with strong income potential and future upside. Strategically located with immediate access to I-95, the property offers convenient proximity to Wells schools, the renowned Wells beaches, and southern Maine's lakes region. The RC zoning district allows for a wide range of residential and commercial uses, creating additional long-term value and potential redevelopment opportunities. The property has been well maintained with several recent capital improvements, including renovations to four of the six units, a new roof on the rear building, and a new heating system installed in 2025. All six units are currently occupied with month-to-month tenants, providing immediate cash flow while allowing flexibility for a new owner to reposition rents, renovate remaining units, or explore future development potential. Opportunities like this--with acreage, multiple structures, favorable zoning, and proximity to Maine's coastal amenities--are increasingly difficult to find in today's market. Showings begin at the Open House on March 14th from 11:00 AM - 1:00 PM.

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Location

  • View: Trees/Woods

Building Details

  • Building Area Total: 4640 sq ft
  • Number Of Units Total: 6
  • Construction Materials: Vinyl Siding, Composition, Wood Frame
  • Architectural Style: Colonial
  • Sewer: Public Sewer
  • Heating: Hot Water, Baseboard
  • StoriesTotal: 2
  • Stories: 2
  • Roof: Shingle
  • Foundation Details: Other
  • Basement: ,

Amenities & Features

  • Laundry Features: Laundry - Coin
  • Electric: Circuit Breakers
  • Flooring: Vinyl, Carpet
  • Utilities: Utilities On
  • Parking Features: 11 - 20 Spaces, Gravel
  • WaterSource: Public
  • Lot Features: Open, Level, Near Turnpike/Interstate, Near Town, Near Public Transit, Near Railroad
  • Cooling: None

Fees & Taxes

  • Gross Income: $90,000

Miscellaneous

  • Road Surface Type: Dirt

Courtesy of

  • List Office Name: CENTURY 21 Atlantic Realty

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Office: 207-942-6310

458 Main Street
Bangor, ME 04401
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