2 Sams Place, Kennebunk, ME 04043 (MLS # 1609920)

Price $625,000
Status Active Under Contract
Beds 0
Baths 4 Baths
Home size 1,872 sqft
Lot Size 34,413 sqft
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
County York

Additional Details

AIR Heat Pump
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

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