About This Home
This 0-bedroom, 4-bathroom single family at 372 Old County Road in Hampden, ME is listed for $499,900 ($208 per sqft). Built in 1930, the home offers 2,400 sqft of living space on a 0.40 acres lot.
Key Features
- Built in 1930
- 0.40 acre lot
Property Details
A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded.
The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches.
The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,575/month Additional income potential is generated through the on-site coin-operated laundry facility.
Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent po
tential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
Monthly Cost Estimate
$2,674/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
372 Old County Road
Hampden, ME 04444
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 4-bathroom single family at 372 Old County Road is listed at $499,900 ($208/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.40 acre lot. Interior Features: 1st Floor Bedroom.
This property is listed by Jason Fish and can be reached at 2076643888.