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Extremely rare offering in Kennebunk! Outstanding Duplex each unit offering 2 bedrooms and 1.5 baths sited on .79 acres. It's located in town, on a quite dead-end street offering an excellent neighborhood vibe. Unit 2 was fully renovated in 2023. Heat pumps were added in each unit that same year, thus, eliminating the reliance on oil for heating. Storage is ample thanks to the large, full, and dry basement. Additionally, each unit has its own dedicated shed further improving personal belonging overflow. Unit 1 is Tenancy-at-Will and will be moved out prior to the sale. However if investor purchased, this tenant would be willing to stay with updated terms & conditions. Unit 2 is renting for $2,250/m which is low considering fair market value is anywhere from $2,500/m-$2,700m for each unit. Tenants pay all utilities. This is the perfect investment opportunity providing the right amount of cash flow to be self-sustaining and predictable. It's also an ideal candidate to be owner occupied. Live in one unit and have the other help pay the mortgage. Located close to everything Kennebunk has to offer. Schools, Turnpike Exit, Town Center, and Beaches. Must be seen!!
Property Type(s):
Multi Family
Last Updated | 11/27/2024 | Year Built | 2001 |
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County | York |
Additional Details
AIR | Heat Pump |
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AIR CONDITIONING | Yes |
BASEMENT | Exterior Entry, Full, Interior Entry, Sump Pump, Unfinished, Yes |
CONSTRUCTION | Vinyl Siding |
HEAT | Heat Pump |
INTERIOR | Storage |
LOT | 0.79 acre(s) |
LOT DESCRIPTION | Landscaped, Level, Near Golf Course, Open Lot |
MLS STATUS | Active Under Contract |
PARKING | Gravel, Off Street |
SEWER | Private Sewer |
STYLE | Duplex |
TAXES | 5285 |
WATER | Private, Well |
ZONING | 006 |
Listing provided by Portside Real Estate Group
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.
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IDX data provided by Market Leader, courtesy of Maine Listings.
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