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About This Home
This 0-bedroom, 2-bathroom residential multi family at 16 Walter Street in Bangor, ME is listed for $259,900 ($129 per sqft). Built in 1900, the home offers 2,008 sqft of living space on a 0.09 acres lot.
This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental.
Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins.
Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.
Key Features
- Built in 1900
- 0.09 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,390/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16 Walter Street
Bangor, ME 04401
Property Details
Flooring
Construction
Pool Features
Heating
Questions & Answers
This 0-bedroom, 2-bathroom residential multi family at 16 Walter Street is listed at $259,900 ($129/sqft). The estimated monthly payment is $1,126 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.09 acre lot, 2 stories.
This property is listed by Richard Kenefic and can be reached at 2072997695 or richkenefic@eradawson.com.
