ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.
Closed
$345,000
12 Wiley Street, Bangor, ME 04401
5beds
3,496sqft
Multi Family
Built in 1910
-- sqft lot
$389,700 Zestimate®
$99/sqft
$1,949 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 16, 2025 at 07:07pm
Listed by:
EXP Realty
Bought with:
NextHome Experience
Source: Maine Listings,MLS#: 1581900
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water, Radiator
Cooling
- Heat Pump
Features
- Bathtub
- Flooring: Carpet, Laminate, Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 3,496
- Total interior livable area: 3,496 sqft
- Finished area above ground: 3,496
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Off Street
Features
- Patio & porch: Deck
Lot
- Size: 6,534 sqft
- Features: City Lot, Near Shopping, Neighborhood, Level, Open Lot
Details
- Additional structures: Shed(s)
- Parcel number: BANGM021L007
- Zoning: URD1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Asbestos, Composition, Other
- Foundation: Stone, Brick/Mortar
- Roof: Metal
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Bangor
Other
Other facts
- Road surface type: Paved