If you are in the market for an investment property in Maine, this duplex in Fort Fairfield may be just what you are looking for. Located in a central location close to town amenities, this property has the potential to attract tenants looking for a convenient and comfortable living space.
The duplex consists of two spacious units, each with their own electric meters and FHA furnaces. The second-floor apartment is in decent shape and only needs minor updates before it can be rented out. It features a large three-bedroom layout with spacious living and kitchen areas. Additionally, there is a deck off the kitchen that can be a great feature for potential tenants.
The first-floor apartment, however, needs more extensive work. The previous tenant left it in a state of disarray, and the owner has already hauled away several dumpsters of debris. The unit needs a thorough clean-out and cleaning/repainting before it can be rented out. However, once the work is completed, this unit has the potential to be as attractive to tenants as the second-floor apartment.
The property’s location is one of its most significant selling points. It is within walking distance of many Fort Fairfield mainstays, including the Rec Center, the school, downtown, and an ice cream shop. The central location makes it convenient for tenants who want to be close to town amenities.
The property also features a nice yard, which can be a great selling point to tenants who want to enjoy some outdoor space. The duplex’s spacious units could also command higher rent fees, which can be a significant advantage for investors looking to maximize their returns.
While this property needs some work, it presents a great opportunity for investors looking for a winter project. The property needs help with its foundation, clean-out, and cleaning/repainting, and steps/egress. However, with the right investor with a vision, this property has the potential to be a great investment opportunity.
In conclusion, this Maine investment property for sale presents a unique opportunity for investors looking to break into the rental market. With its central location, spacious units, and potential for higher rent fees, this property has the potential to be a great investment opportunity. If you are an investor looking for a winter project, this duplex in Fort Fairfield may be just what you are looking for.
36 Brown Street, Fort Fairfield, ME 04742