40 Fern Street

Bangor, ME 04401

MLS ID# 1581964 Active

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$379,000

1968 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Details

Description

Introducing a fantastic opportunity in Bangor, Maine! This meticulously cared-for 4-unit building is a gem in the heart of the city. Offering three cozy one-bedroom units and a spacious two-bedroom top floor unit, it's perfect for both investors and residents. Situated close to downtown Bangor and the hospital, convenience is at your doorstep. The property boasts a large parking lot, ensuring ample space for tenants and guests. With its well-maintained condition and prime location, this building promises great income potential and a comfortable living experience. Don't miss out and schedule your showing today and seize this excellent investment opportunity! Introducing a fantastic opportunity in Bangor, Maine! This meticulously cared-for 4-unit building is a gem in the heart of the city. Offering three cozy one-bedroom units and a spacious two-bedroom top floor unit, it's perfect for both investors and... show more

Location Information

• Street # 40
• Street Name Fern
• Street Type Street
• County Penobscot
• Town Bangor
• State/Province ME
• Zip Code 04401
• Zip +4 5589
• Leased Land No
• Book 11321
• Page 116
• Map 054
• Lot 119
• Zoning Urban Res Dist 1
• Zoning Overlay No
• Tax ID BANG-000054-000000-000119
• Association No
• Full Tax Amount 3315
• Tax Year 2023

Property Information

• Surveyed No
• Seasonal No
• Deed All
• Number of Units 4
• Total Baths 4
• Total Full Baths 4
• Total Half Baths 0
• Year Built 1880
• SqFt Finished Above Grade 1968
• SqFt Finished Below Grade 0
• SqFt Finished Total 1968
• SqFt Source Seller
• Garage No
• Lot Size Acres +/- 0.2
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2%

Details

• Site

  Level, Sidewalks

• Roads

  Paved, Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:41986, Operating Expenses:39607

• Units

  # of 1 BD Units:4, # of 2 BD Units:0, # of 3 BD Units:0, # of 4+ BD Units:0

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:725, # Full Baths:1, # of Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:First, Security Deposit, Monthly Rent:1375, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:First, Security Deposit, Monthly Rent:680, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:Second, No Security Deposit, Monthly Rent:1350, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Colonial

• Construction

  Wood Frame

• Basement

  Unfinished

• Basement Entry

  Interior

• Exterior

  Vinyl Siding

• Roof

  Shingle

• Heat System

  Baseboard

• Heat Fuel

  Gas Natural

• Water Heater

  Off Heating System

• Cooling

  None

• Floors

  Laminate

• Driveway

  Gravel

• Parking

  5 - 10 Spaces, On Site

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Natural - At Street

• Sewer

  Public Sewer

• Water

  Public