Property Description

Welcome to 22 Water Street in Waterville. Turnkey, income-producing two-unit with strong cash flow. Built in 2015, and perfectly positioned in a convenient in-town location, (you can see Lockwood Hotel from the yard!) This well-maintained two-unit property is fully tenanted, offering immediate, reliable income from day one. Each unit features comfortable layouts with generous living spaces, abundant natural light, and practical floor plans that appeal to long-term renters. The property has been consistently occupied, reflecting its desirability and the strength of the local rental market.Key highlights include: Strong, consistent rental income with both units currently leased. Separate living spaces that provide privacy and tenant satisfaction. Low-maintenance exterior and manageable lot size and off-street parking. Prime location near downtown Waterville, shopping, dining, and local employers. Situated just minutes from the vibrant downtown, the property benefits from proximity to Colby College, the Kennebec River waterfront, and ongoing revitalization efforts that continue to enhance the area's appeal and property values. This one checks all the boxes.

Property Features