67 Wood Street
Property Description
An exceptional investment opportunity awaits with this unique multifamily property, perfectly positioned for strong cash flow and massive value-add potential. This rare package features two separate two-unit buildings situated on two distinct lots, seamlessly connected by an expansive shared basement. Held under a single deed, this entire portfolio is being sold together, offering an immediate footprint of four total income-producing units. Located in a high-demand rental market, the property boasts unbeatable proximity to major local hubs. It sits just minutes from Bates College, St. Mary's Health System, and Central Maine Medical Center, ensuring a consistent tenant pool of students, educators, and healthcare professionals. Commuters and residents alike will love the convenience of being close to the interstate, local schools, grocery stores, shopping, dining, entertainment, and neighborhood parks. For the forward-thinking investor, this asset is packed with incredible upside. The property features a large unfinished attic space on 67 Wood St. just waiting to be converted into living area to instantly increase your monthly cash flow. 207 Holland St. has a large lot for a potential garage, ADU or other development. Furthermore, the two separate lots present a lucrative long-term opportunity to split the buildings into individual parcels for future resale. Buyers are encouraged to conduct their own due diligence and consult with the town regarding attic completion and subdivision possibilities. Whether you are looking to expand your portfolio, house-hack, or acquire a flagship income property, this multifamily asset delivers immediate value and endless future potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $499,000 |
| No. of Units: | 4 |
| Year Built: | 1880 |
| Lot Size: | 6,412.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $124,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 5 |
ID: 3yd-MREISME-1676963
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