57 Elm ST, Bangor, ME 04401
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57 Elm ST, Bangor, ME 04401
57 Elm ST, Bangor, ME 04401
57 Elm ST, Bangor, ME 04401
57 Elm ST, Bangor, ME 04401
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Listed by Lisa Caron NextHome Experience
$ 325,000
Est. payment /mo
Pending

57 Elm ST Bangor, ME 04401

2 Baths

2,688 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,688 sqft

Price per Sqft $120

MLS Listing ID 1650243

Style Duplex

Full Baths 2

HOA Y/N No

Year Built 1900

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Source Maine Listings

Land Area 2688

Property Description

Well-maintained 1900 duplex in a convenient Bangor location offering flexibility for owner occupancy or investment. The front unit features 3-4 bedrooms and 1 full bath and is currently unoccupied, allowing for owner occupancy or the ability to establish new rental terms. The rear unit offers 2 bedrooms and 1 full bath and is occupied under a month-to-month lease.

After purchase in July 2021, the hot water systems were separated so each unit now has its own independent hot water supply including a newer heat pump hot water heater added to one of the units providing the individual hot water service. Additional improvements completed since purchase include replacement of the sewer line from the house to the city main connection, along with any associated plumbing updates required at that time.

Utilities were also completely separated for each apt, meaning the natural gas and electric meters were separated so each unit has its own heating system and electric service. Smart thermostats were added, along with updated wiring and 24-volt transformers in each apartment.

Further updates include new refrigerators and washer/dryer sets in both units, a new electric range in one unit, new laminate flooring, and new carpeting on the stairway to the second level in the smaller unit. The driveway has been resurfaced with crushed gravel.

Located near hospitals, downtown, shopping, parks, and many local amenities. public transportation available within one block. This move-in-ready duplex offers a strong rental history, excellent positive cash flow potential, and an exceptional opportunity for owner occupancy or continued investment use in Bangor.

Location

State ME

County Penobscot

Zoning Residential

Direction From State St. take Grove St., Turn right on Somerset St. and take a left onton Elm St. 57 Elm is on your right. approx. 3/4 mi. from State St.

Rooms

Basement Interior Entry

Interior

Heating Baseboard, Forced Air, Hot Water, Zoned, Radiator

Cooling None

Flooring Carpet, Heavy Duty, Laminate, Other, Vinyl, Wood

Furnishings Unfurnished

Fireplace No

Window Features Double Pane Windows,Storm Window(s)

Exterior

Utilities Available Utilities On

Roof Type Flat,Membrane

Accessibility 32 - 36 Inch Doors

Garage No

Exclusions none

Building

Story 2

Entry Level Multi-Level

Water Public

Architectural Style Mansard

Level or Stories 2

Schools

School District Bangor Public Schools

Others

Tax ID BANG-000048-000000-000095

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1650243


Maine MLS (MREIS) IDX
Caleb DeVries

Caleb DeVries

Broker Associate

+1(603) 937-7784

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57 Elm ST