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Opportunity for an owner-occupied unit and an income producing one. Townhouse-style duplex located in a very good location with excellent walkability to Downtown. Large, with under utilized spaces; separate attics and basements. Side A is in move-in condition, but in time would benefit from some upgrades. Side B needs a lot of work, but at the end of your rehab, you would have a spacious, attractive, and very functional unit to rent. Your investment would immediately pay you back. All utilities are separated (though the owner currently pays w/s at this time). The rent is far below market value - the current tenant has been there for years. The price reflects the condition and the current rent structure. With this building brought to its full potential, the new owner could maximize the financial aspects and increase the quality of living on both sides. This scenario is the perfect candidate for home improvement. This could be a really good investment. See multi-unit MLS 1406231

Property Details of 1204 Washington Street

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Listed by Armentrout Select Realty of Maine

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