94 Lincoln Street, Bangor, ME 04401
$135,000
Property Type:
Multi-Family
Baths:
2
Square Footage:
2,049
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$135,000
List Date:
12/24/2022
Last Modified:
4/16/2024
Description
BACK ON THE MARKET AFTER BUYER DENIED FINANCING-buyer's lack of personal income. 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 $1000 a month. Second floor units is occupied and are tenants at will/month to month tenants. Plenty of open parking for tenants. For the smart buyer. Invest in the future.
Supplements: ********
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 $: 2501
Tax Year: 22
Geo Lat: 44.791236
Geo Lon: -68.780036
Contract Information
Status: Closed
Original List Price: 174222
Sold Price: $135,000
Current Price: $135,000
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: 2023-01-11
Closed Date: 2023-02-01
Closed Price: 135000
Water Info
Water Frontage: No
Water View: No
Building Info
# Stories: 2
# Floors: 2
# Heating Units: 1
# Water Heaters: 2
Income & Expenses
Gross Income: 19200
Operating Expenses: 9237
Units
# of 2 BD Units: 2
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 900
# 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
Documents
Property Disclosure Public Access ›Listing Office: Keller Williams Realty
Last Updated: April - 16 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
207-745-7070
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.