94 Lincoln Street, Bangor, ME 04401

$174,222
Property Type: Multi-Family Baths: 2 Square Footage: 2,049 Lot Size (sq. ft.): 6,098 Status: Pending
Current Price: $174,222 List Date: 5/13/2022 Last Modified: 5/17/2022

Description

NO VACANCY! In this desirable west side neighborhood, finding tenants is easy. Both units have 4 rooms, 2 bedrooms and full bathrooms. Tenants pay monthly rent and individual electric use and hot water. Landlord pays for heat, water and sewer use. Landlord converted the Pensotti hot water boiler to natural gas to save on heating costs. Landlord also installed two new hybrid hot water heaters which also dehumidify the basement. Owner also repaired a foundation issue and installed a bulk head for easy basement access. Exterior is vinyl sided and windows have replacement vinyl double pane windows. This building is a bargain for the Do-It-Yourself buyer. With a little painting inside and some minor upgrades, the rents can be significantly raised to over $1000 a month. Both units are occupied with and are tenants at will./month to month tenants. Plenty of open parking for tenants. For the smart buyer. Invest in the future.

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More Information MLS# 1528200

Location Information

Street #: 94 Street Name: Lincoln Street Type: Street County: Penobscot Town: Bangor State/Province: ME Zip Code: 04401 Zip +4: 6219 Leased Land: No Book: 15195 Page: 201 Map: 25 Lot: 10 Zoning: URD-2 Zoning Overlay: No Association: No School District: Bangor Public Schools Full Tax Amount $: 2382 Tax Year: 21 Geo Lat: 44.791236 Geo Lon: -68.780036

Contract Information

Status: Pending Original List Price: 174222 List Price: $174,222 Current Price: $174,222

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: Partial Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Number of Units: 2 Total Baths: 2 Total Full Baths: 2 Color: White Year Built: 1843 SqFt Finished Above Grade: 2049 SqFt Finished Total: 2049 SqFt Source: Measured (ANSI) Other Source of Square Footage: ((23.7x30.7)+(20.2x14.7))2 Garage: No Lot Size Acres +/-: 0.14 Source of Acreage: Seller Acreage Other Source: 70' x 90' (to be conveyed) Road Frontage: Yes Road Frontage +/-: 70 Source of Road Frontage: Survey

Compensation & Misc Info

Buyer Agency: 2 Buyer Agency Type: %

Status Change Info

Pending Date: 2022-05-16

Water Info

Water Frontage: No Water View: No

Building Info

# Stories: 2 # Floors: 2 # Heating Units: 1 # Water Heaters: 2

Income & Expenses

Gross Income: 17100 Operating Expenses: 8753

Units

# of 2 BD Units: 2

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 725 # 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

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 700 # 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: Level; Open; Sidewalks Location: Intown; Near Shopping; Neighborhood Roads: Public Transportation: Major Road Access; Public Transport Access Style: Colonial Construction: Wood Frame Basement: Bulkhead; Full; Unfinished Basement Entry: Bulkhead; Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water; Multi-Zones Heat Fuel: Gas Natural Water Heater: Electric; Heat Pump; Tank Cooling: None Floors: Vinyl; Wood Amenities: 1st Floor Bedroom; Attic; Bathtub Equipment: Cable; Internet Access Available Energy Efficiency: Double Pane Windows Driveway: Paved Parking: 1 - 4 Spaces; Off Street; Paved Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Supplements

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Listing Office: Keller Williams Realty
Last Updated: May - 17 - 2022
94 Lincoln Street, Bangor, ME 04401- MLS# 1528200
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