Bought with Benchmark Real Estate
$460,000
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84 Durham RD Freeport, ME 04032
2 Baths
1,560 SqFt
Key Details
Sold Price $460,000
Property Type Multi-Family
Listing Status Sold
Square Footage 1,560 sqft
MLS Listing ID 1524122
Sold Date 05/13/22
Style Ranch
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,560
Year Built 1973
Annual Tax Amount $3,528
Tax Year 2021
Lot Size 1.610 Acres
Acres 1.61
Source Maine Listings
Land Area 1560
Property Description
Been thinking about owning your own AirBnB? How about two? 2022 is already shaping up to be another banner year for short-term rentals. This turnkey property was renovated in 2018 and comes with all furnishings and decor. Many possibilities from this two-unit, four bedroom property. Rent long term, or short term. Live on one side while the other pays your mortgage. Share the property as a multi-generational dwelling. Even convert it to a single-family home. Is your dream home unavailable due to the lack of inventory, or out of reach due to this hot market? Live here for a few years mortgage-free while you continue to look. Revenue from Unit 1 over the last three years has exceeded $70,000. Unit 2's potential is equally as strong. Renovations include new flooring, doors, trim, paint, electrical, lighting, insulation, cabinets, and appliances. Efficient wall-mounted heat pumps warm the space in the winter and cool in the summer. A large 12x16 shed with power and lighting is included on the lot. Sellers are willing to manage the property as a short term rental for a fee. Existing reservations may be canceled if Buyer decides against renting short term. Buyers may convert the dwelling to a single-family home, but lose the right to convert it back. A versatile and income generating property like this doesn't come around often!
Location
State ME
County Cumberland
Zoning MZ
Rooms
Basement None, Not Applicable
Interior
Interior Features Furniture Included, Storage
Heating Heat Pump, Baseboard
Cooling Other
Flooring Vinyl
Exterior
Parking Features 1 - 4 Spaces, Gravel, Paved
Fence Fenced
Utilities Available 1
View Y/N Yes
View Trees/Woods
Roof Type Composition,Shingle
Street Surface Gravel,Paved
Accessibility 32 - 36 Inch Doors
Road Frontage Private
Garage No
Building
Lot Description Open Lot, Wooded, Rural
Foundation Gravel/Pad, Other
Sewer Private Sewer, Septic Existing on Site
Water Private, Well
Architectural Style Ranch
Structure Type Shingle Siding,Wood Frame
Others
Security Features Security System
Energy Description Electric
Read Less
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