Bought with Coldwell Banker Realty
$399,000
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1 N Main ST Mechanic Falls, ME 04256
3 Baths
2,800 SqFt
Key Details
Sold Price $399,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,800 sqft
MLS Listing ID 1615581
Sold Date 05/21/25
Style Colonial
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,800
Year Built 1900
Annual Tax Amount $4,438
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Source Maine Listings
Property Description
Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
Location
State ME
County Androscoggin
Zoning Downtown Business
Body of Water Little Androscoggin River
Rooms
Basement Walk-Out Access, Full, Exterior Only
Interior
Interior Features 1st Floor Bedroom, Attic
Heating Zoned, Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Laminate
Equipment Internet Access Available
Laundry Washer Hookup
Exterior
Parking Features Assigned, 1 - 4 Spaces, Gravel, Common, Off Street, On Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Accessibility 36+ Inch Doors, Accessible Approach with Ramp
Garage No
Building
Lot Description Corner Lot, Sidewalks, Intown, Near Shopping
Foundation Granite, Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Structure Type Vinyl Siding,Wood Frame
Schools
School District Rsu 16
Others
Restrictions Unknown
Energy Description Oil
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