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236-242 Main Street, Bingham, ME 04920

$295,000
Property Type: Multi-Family Baths: 6 Square Footage: 3,540 Lot Size (sq. ft.): 21,344 Status: Active
Current Price: $295,000 List Date: 4/26/2024 Last Modified: 4/26/2024

Description

Here is Your Ideal property in Bingham, Maine! Opportunity awaits with this combined total 5-unit multifamily property. Building one is a 4 unit (possible 5th) Main Street apartment building and building two is a separate adjacent mobile home. Discover the perfect blend of comfort, convenience, and adventure with this awesome property. Nestled in the heart of Bingham, Maine, the charming 4-unit apartment building offers a unique lifestyle with additional rental space and or an owner's living area in a separate mobile home. Let this opportunity be your gateway to the Upper Kennebec Valley! The Apartment Building Features: 1 newly updated one bedroom apartment and 3 two bedroom apartments. All units are rented with great tenants, building has wonderful rental history with a low turnover rate. All units have washer/dryer hook ups. Unit #2 is vacant and unfinished, but could be turned into even more income! The adjacent mobile home Features: 2 Bedrooms and a 8x12 entryway. This also has a great rental history. Whether you're an investor or an owner-occupant, this separate dwelling provides flexibility and great additional rental income. Outdoor Enthusiasts Rejoice and explore the Upper Kennebec Valley as endless adventures await! The region is home to some of Maine's best White-Water Rafting and Kayaking. Brave the thrilling rapids of the Kennebec River with guided rafting and kayaking trips. Hiking Trails: Region is home to numerous awesome day hikes as well as a section of the Appalachian Trail System. Lace up your boots and explore scenic trails, including the breathtaking Moxie Falls hike. Fishing Paradise: Cast your line into the nearby blue-ribbon tail water of the Kennebec River below Wyman Dam, literally walking distance away, or visit the many pristine lakes, ponds, streams and rivers in the region that are home to trout and salmon. Huntings: For hunters, large tracts of publicly accessible land throughout the region offers great opportunities

Supplements: ********

More Information MLS# 1582452

Location Information

Street #: 236-242 Street Name: Main Street Type: Street County: Somerset Town: Bingham State/Province: ME Zip Code: 04920 Leased Land: No Book: 5330 Page: 85 Map: u9 Lot: 50 Zoning: General Zoning Overlay: Unknown Association: No Full Tax Amount $: 2267.18 Tax Year: 2023 Geo Lat: 45.052622 Geo Lon: -69.882612

Contract Information

Status: Active Original List Price: 295000 List Price: $295,000 Current Price: $295,000

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Bank Owned REO: No 2 Detached Houses on 1 Lot: Yes Number of Units: 6 Total Baths: 6 Total Full Baths: 5 Total Half Baths: 1 Color: White Year Built: 1898 SqFt Finished Above Grade: 3540 SqFt Finished Total: 3540 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.49 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 165 Source of Road Frontage: Public Records

Compensation & Misc Info

Buyer Agency: 2.4 Buyer Agency Type: %

Water Info

Water Frontage: No Water View: No

Building Info

# Floors: 3 # Heating Units: 2 # Water Heaters: 2

Income & Expenses

Gross Income: 38400 Operating Expenses: 19431.34

Units

# of 1 BD Units: 2 # of 2 BD Units: 4

Fixtures Exclusions

Fixtures Exclusions: Washers and dryers

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 650 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: No # Half Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: No Refrigerator: No Sewer: Yes Water: Yes

Unit 3

Lease: No Level: First Security Deposit: Yes Monthly Rent: 625 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: First Security Deposit: No Monthly Rent: 525 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: First Security Deposit: Yes Monthly Rent: 600 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Open Location: Intown; Neighborhood Roads: Public Recreational Water: Nearby Style: Multi-Level; New Englander; Single Wide Construction: Mobile; Wood Frame Basement: Slab Basement Entry: Walk-Out Exterior: Vinyl Siding Roof: Metal Heat System: Forced Air; Hot Water Heat Fuel: Oil; Propane Water Heater: Electric; Off Heating System Cooling: None Floors: Carpet; Laminate; Vinyl; Wood Patio and Porch Features: Deck Equipment: Internet Access Available Driveway: Gravel Parking: 5 - 10 Spaces; On Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Coldwell Banker Realty
Last Updated: April - 26 - 2024
236-242 Main Street, Bingham, ME 04920- MLS# 1582452
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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