Price Reduced 2.44%

$399,000

Pending

Est. Mortgage $0/mo *

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Price History

$409,000
3/6/2025

$399,000
4/2/2025

1 N Main Street, Mechanic Falls, ME, 04256

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3 Full baths

1900

Colonial

2,800 sqft

Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

Zoning:

Downtown Business

Frontage:

Heating:

Multi-Zones, Hot Water, Baseboard

Cooling:

None

Basement:

Walk-Out Access, Full, Exterior Only

Parking:

1 - 4 Spaces, Gravel, Common, Off Street, On Street

Acreage:

0.04

Est. Taxes:

$4,438

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On, Pole

Lot Description:

Corner Lot, Sidewalks, Intown, Near Shopping

Amenities:

1st Floor Bedroom, Attic

Pet Policy:

No Dogs Allowed

MLS #:

1615581

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Price History

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1 N Main Street, Mechanic Falls, ME, 04256

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