Unique opportunity to own a 4-unit apartment building in Wells. This 1900's classic colonial features 4, one-bedroom/one-bath apartments with open-concept kitchen and living areas. The building offers two units upstairs and two units down. This .273-acre lot features ample parking for tenants and is conveniently located to many local amenities. Walking distance to Wells Harbor, IGA, numerous restaurants, Cumberland Farms, etc. Currently the building is fully rented month-to-month with no long-term leases in place. Rents are well below market, so there is plenty of room for added revenue. Since the building is in the General Business District there are endless opportunities including a commercial conversion, owner occupied living, weekly rentals or continued use as a long-term rental apartment building. The property has had many upgrades over the past 10 years or so including a new roof, furnace, dry basement system, updated wiring, and some components to the kitchens and baths. This one won't last long! In an effort to minimize the impact on the tenants, showings will be group showings conducted once a week. All Covid-19 precautions will be enforced including wearing a mask and gloves. First Showings will be by appointment only this Saturday, 2/27 from 11:00 AM - 2PM. Call today to setup you time to see this unique opportunity!
Listing courtesy of Exit Oceanside Realty.
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. © 2021 Maine Real Estate Information System, Inc. All Rights Reserved.
This information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be intrested in purchasing.
Privacy Policy
Your privacy on the Internet is important to us. This Privacy Statement is to inform you that we will not provide your personal information to any third parties except as required by law or expressly authorized by you. We do not sell, trade, barter, or share information obtained from use of this site with any other businesses or people. All information gathered from a visitor to this web site is used solely by this office and/or its affiliated licensee(s). For additional information, please contact this office.