Listing Provided By: with Realty of Maine
The Hiram building with over 5000 sq ft of living space is an affordable housing property helping people transition to more long-term housing. This 16-room boarding house is also welcome to longer term guests. There is an onsite manager that helps maintain the building and place new guest in rooms. Built in placement resources (you could say from local nonprofit agencies instead of naming them all) with Preble St Veterans, The Homeless Shelter, Wabanaki Tribe, Shelter Plus Care, and Community Care help with vacancies. Updates include new lighting in all bedrooms, new subpanel, new back roof shingles, all rooms repainted, new bulkhead, window and soffit repair, 2 new heat zones (updated natural gas furnace). 3 shared bathrooms - one on each floor. Well established operating income - great opportunity for a real estate investor, nonprofit agency or property management company.
- Price:
- $549,900
- Square Footage:
- 5,090
- Acreage:
- 0.21
- Year Built:
- 1880
- Listing ID #:
- 1553316
- Street Address:
- 18 First St
- City:
- Bangor
- State:
- Maine
- Postal Code:
- 04401
- County:
- Penobscot
- Listing Status:
- Active
- Listing Type:
- Commercial
- Basement Description:
- Bulkhead, Finished, Full, Unfinished
- Building Floors:
- 3
- Construction Description:
- Wood Frame
- Exterior Description:
- Wood Siding
- Features:
- Cable
- Flooring:
- Carpet, Laminate, Wood
- Foundation Material:
- Brick/Mortar, Stone
- Total Building Square Footage:
- 5090
- Type Of Roof:
- Shingle, Slate
- Year Built:
- 1880
- Annual Gross Income:
- 90276.00
- Operating Expense:
- 31920.00
- Conforms To Zoning:
- 15 Multi Fam & Serv
- Property Taxes:
- $4,777
- Tax Year:
- 2023
- Parking Description:
- 1 - 4 Spaces, Off Street, On Site
- Electricity:
- Circuit Breakers
- Existing Water:
- Public
- Gas:
- Natural - At Street, Natural - On Site
- Heating:
- Radiator, Steam
- Heating Fuel:
- Gas Natural, Propane
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: with Realty of Maine
