$409,000
44 Memory Lane
Arundel
Listing Courtesy of
Keller Williams Realty
44 Memory Lane, Arundel, ME 04046
Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless management—ideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $100,000 in profit. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!
Listing Courtesy of
Keller Williams Realty
DETAILS
- Listing Id1608923
- StatusActive
- TypeMulti-Family
- SeasonalNo
- Map / Lot001 / 20
- Book / Page9721 / 0026
- Sq Ft Finished Above Grade1760
- Sq Ft Finished Total1760
- Total Baths2 / 0
- Waste Water DisposalPrivate Sewer
- WaterPrivate
- Heat SystemBaseboard, Hot Water
- CoolingNone
- ElectricCircuit Breakers
- BasementNone, Not Applicable
- RoofShingle
- FloorsLaminate, Tile, Vinyl
- GarageNo
- Lot FeaturesLevel, Near Town, Near Turnpike/Interstate, Rural
- Parking Features5 - 10 Spaces, Gravel, Other
- Interior Features1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Storage
- Laundry FeaturesWasher Hookup
- StyleDuplex
- Checked For UpdatesWednesday, November 20, 2024 at 7:31 PM
- IDX Listing UpdatedWednesday, November 20, 2024 at 3:24 PM
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