Property Description

Investment & Housing Potential:Located at 398 Brunswick St, this well-maintained 1,687-square-foot New Englander features 4 bedrooms and THREE bathrooms. The 4-bedroom layout allows you to live comfortably with the possibility to rent out the remaining rooms to offset living expenses. Until recently, it was tenant occupied by students and generating 2800 USD per month (was discounted for a family tenant). It offers immediate, turnkey income-generation in a high-demand college rental market. Operating expenses last year were 12,635, with an NOI of ~21,000 USD! Built in 1940 and situated on a 0.16-acre lot, this turnkey, well-maintained property offers incredible versatility for homebuyers, real estate investors, and those seeking off-campus housing for the University of Maine. It is move-in ready and the layout offers distinct living spaces set in a residential neighborhood with sidewalk access to surroundings. Location, Commute, and Sidewalk Access:This home offers exceptional proximity to both campus and local amenities. Residents can comfortably navigate the neighborhood by sidewalk. It is an easy .6 mile trip to the Old Town Public Library. Everyday essentials at Walgreens, and popular downtown dining options are similarly nearby as well.UMaine Commute: Located just 3.4 miles (a 5-to-10-minute drive) from the University of Maine at Orono, avoiding heavy highway traffic.Highway Access: Immediate access to I-95 (Exits 191 & 193) provides a direct 15-20-minute commute to major employers and shopping in Bangor.Parking : Features a paved driveway providing ample off-street parking with additional parking along the street permitted. Current tenants have had up to 6 vehicles in the driveway at a time.

Property Features

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