290 Penney Road , New Gloucester, ME 04260

$499,999
  • 290 Penney Road , New Gloucester, ME 04260 Main Photo

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New to the Market Active
BEDS0 BATHS3 full SQUARE FEET2,752 MLS#1678845
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Discover this versatile and meticulously maintained property that offers a unique blend of residential and commercial potential. The property features three separate units: two spacious 2-bedroom, 1-bathroom units ideal for tenants or extended family, and a third unit permitted as a 1-chair hair salon, which the has been renting out as a comfortable studio apartment. A detached 2-car garage provides ample parking and storage, while each unit has its own separate utilities, simplifying management and billing. The property has been very well cared for and is in excellent condition, reflecting pride of ownership. Currently generating over $5,000 per month, it offers strong income potential and cash flow. Additionally, the property has been pre-inspected for general building and septic systems, ensuring peace of mind with no surprises. Whether you're an owner-occupant looking for a live-in space with rental income or an investor seeking a turnkey asset with commercial flexibility, this property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.

290 Penney Road | MLS# 1678845

This multi-family property located at 290 Penney Road , New Gloucester, ME 04260 is currently listed for sale with an asking price of $499,999. Search New Gloucester real estate on www.spragueandcurtis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Doghouse, Finished, Full, Partial
Basement: Yes
Cooling: Other, Heat Pump
Garage: 2
Heating: Propane, Forced Air, Heat Pump
Home Style: Other, Ranch
Lot Size: 1.09 Acres
Roof Type: Shingle
Taxes: $3,532
Year Built: 1982

Feature Descriptions

Electric: Circuit Breakers
Exterior: Mobile, Wood Frame, Vinyl Siding
Flooring: Carpet, Laminate, Vinyl
Foundation: Poured Concrete, Slab
Lot: Rural, Level
Parking: Gravel,11 - 20 Spaces, Detached
Road Surface: Paved
Sewer: Private Sewer
SQ FT Above Grade: 2176
SQ FT Below Grade: 576
Water: Private

Listed By / Shown By

Listed By

Agency Name: Maine Values Real Estate
Agency Phone: 207-838-7773

Shown By

Agency Title: Sprague and Curtis Real Estate
Agency Phone: 207-623-1123

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Estimated Payment

$ 1,552.95 per month $1,112.78 Principal & Interest $294.33 Property Tax $145.83 Homeowner's Insurance

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