1694 Main St, Mapleton, ME 04757

Property Description

Exceptional investment opportunity with multiple income streams! This 4--unit apartment building is situated on just under an acre of land and includes a 1-car garage. Also offering an outdoor recreation area with a fire pit and picnic area as well as access to the North branch of the Presque Isle stream that borders the property. With direct access to the ATV/Snowmobile trail, plenty of parking and a gas station/convenience store across the street yet only 10 minutes from Presque Isle. The property offers a desirable mix of short-term rental and traditional market rental opportunities, along with the flexibility for an owner-occupant to live in one unit while generating income from the others. The first floor features two recently renovated and fully furnished units currently operating as Airbnb/short-term rentals. The larger unit offers 3 bedrooms and 1.5 baths, a spacious living room, washer and dryer dishwasher, and a back deck for added outdoor living space. The second 1st-floor unit features 2 bedrooms and one bath and has additionally been recently renovated and comes fully furnished w/ its own washer and dryer. The 2nd floor consists of two 1-bedroom apartments currently utilized as market rentals. One unit has been renovated, while the other provides an opportunity for future improvements and added value. The 3-bedroom unit's heated with a forced hot air furnace, while the remaining units are heated with electric heat. Whether you're an investor looking to diversify your portfolio or a buyer seeking a unique homeownership opportunity, this property offers plenty of flexibility. Live in one of the units and rent the remaining apartments to help offset the expenses of homeownership while building equity. Continue the successful short-term rental setup, maintain the long-term rentals, or explore a combination that works best for your goals. A versatile property with income potential and plenty of opportunity!