50 Royal Street

Winthrop, ME 04364

MLS ID# 1571136 Pending

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$260,000

2655 sqft

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

Description

Investment property located in-town Winthrop between Maranacook Lake and Cobbosseecontee Lake. Come live in one unit, while the other unit helps pay for your mortgage! Overall, the property needs repair. It has two occupiable units and one unit needing complete renovation. The first unit has 3 bedrooms. On the first floor you will find a large living room, an office space, a full bath, sunny dining area, and kitchen (that has a new dishwasher!). On the second floor there is a bedroom with a bathroom and two additional bedrooms. The second unit is one level with two bedrooms, living room, kitchen (that has a new dishwasher and fridge!), and full bathroom with a new laundry set. There is a back deck off of the bigger bedroom. Units 1 and 2 have heat pumps (AC!). The unfinished third unit is a studio located up a set of brand new stairs with a deck. The third unit needs to be completely finished - needs heat, drywall, flooring, updated plumbing, etc. The property features a large side yard that has potential to build another dwelling, buyers to do due diligence with the town. Plentiful space for onsite parking. The location of this property is close to all necessary amenities. 1 mile to shopping, .5 mile to Winthrop Town Beach, 1 mile to public schools. Great opportunity to build sweat equity, come check out this awesome investment property! Investment property located in-town Winthrop between Maranacook Lake and Cobbosseecontee Lake. Come live in one unit, while the other unit helps pay for your mortgage! Overall, the property needs repair. It has two occupiable units and one unit need... show more

Location Information

• Street # 50
• Street Name Royal
• Street Type Street
• County Kennebec
• Town Winthrop
• State/Province ME
• Zip Code 04364
• Zip +4 1421
• Leased Land No
• Book 14500
• Page 146-147
• Map 27
• Lot 48
• Zoning V
• Zoning Overlay No
• Tax ID WINP-000027-000000-000048
• Association No
• Full Tax Amount 3237
• Tax Year 2022

Property Information

• Surveyed Unknown
• Seasonal No
• Owner Occupied Yes
• Deed/Conveyance Type Offered Warranty
• Deed All
• Number of Units 3
• Total Baths 4
• Total Full Baths 4
• Total Half Baths 0
• Year Built 1900
• SqFt Finished Above Grade 2655
• SqFt Finished Below Grade 0
• SqFt Finished Total 2655
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.62
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2%

Details

• Site

  Level, Open

• Roads

  Paved, Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:19200, Operating Expenses:250

• Units

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

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1600, # Full Baths:2, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  No Lease, Level:First, No Security Deposit, Monthly Rent:1200, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

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

• Style

  Multi-Level

• Construction

  Wood Frame

• Other Structures

  Shed

• Basement

  Unfinished

• Basement Entry

  Interior

• Foundation Materials

  Stone

• Exterior

  Vinyl Siding, Wood Siding

• Roof

  Shingle

• Heat System

  Forced Air, Heat Pump

• Heat Fuel

  Oil

• Water Heater

  Electric, Tank

• Cooling

  Heat Pump

• Floors

  Vinyl, Wood

• Patio and Porch Features

  Deck, Porch

• Driveway

  Gravel

• Parking

  1 - 4 Spaces, On Site

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public