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Multi-FamilyMEBiddeford0400570 Mason Street, Biddeford, ME, 04005

70 Mason Street, Biddeford, ME, 04005

70 Mason Street, Biddeford, ME, 04005
4 baths
$569,900
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Basics

  • Date added: Added 1 month ago
  • Category:
  • Status:
  • Bathrooms: 4
  • Lot size: 0.09 sq ft
  • Year built: 1890
  • Bathrooms Full: 3
  • Lot Size Acres: 0.09 acres
  • Zoning: R1B
  • County: York
  • MLS ID: 1653105

Description

  • Description:

    Located in the heart of Biddeford, this well-maintained multi-family property offers a fantastic investment opportunity with strong, steady rental income. Situated on a quiet dead-end street, the property provides privacy and minimal traffic while still being conveniently close to local amenities, shopping, and downtown.

    The building features three fully occupied units, making it an ideal turnkey investment. The unit mix includes one 1-bedroom apartment, one 2-bedroom apartment, and one spacious 4-bedroom apartment--appealing to a variety of tenant needs and maximizing rental potential. Each unit is currently leased, offering immediate cash flow for the next owner.

    Adding even more value, the property presents the potential to create a fourth unit in the basement (subject to town approvals), providing an opportunity to further increase income and overall return on investment.

    Outside, tenants enjoy a private backyard--perfect for relaxing or entertaining--along with the added benefit of a peaceful dead-end location. Major mechanical updates have already been completed, including a new furnace and oil tank installed in 2021, as well as upgraded electrical systems, offering peace of mind and reduced near-term capital expenses.

    Whether you're expanding your portfolio or entering the multi-family market, this property in Biddeford delivers location, stability, and upside potential all in one compelling package.

    Show all description

Location

Building Details

  • Building Area Total: 2965 sq ft
  • Number Of Units Total: 3
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Colonial, New Englander
  • Sewer: Public Sewer
  • Heating: Zoned, Hot Water, Baseboard
  • StoriesTotal: 3
  • Stories: 3
  • Roof: Shingle
  • Foundation Details: Concrete Perimeter, Slab, Brick/Mortar
  • Levels: Multi-Level
  • Basement: , , , ,

Amenities & Features

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Utilities: Utilities On
  • Parking Features: No Driveway, Paved, On Street
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: Bathtub, Storage
  • Lot Features: Rolling/Sloping, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Fireplaces Total: 0
  • Cooling: None

Fees & Taxes

  • Gross Income: $67,200

Miscellaneous

  • Road Surface Type: Paved
  • Attribution Contact: Karyn.macgrath@kw.com

Courtesy of

  • List Office Name: Keller Williams Realty

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Bangor, ME 04401
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