$579,900

House for sale Biddeford
Property photo number 1 of 16 Photos for Property. File  99993479_29_f6c85de91b6ad088bab9a673c61b8e82.jpeg

Overview

SUMMARY: Discover an opportunity with this Biddeford house for sale and available for $579,900. This could be your next ideal home or a smart investment. More details await.
Located in the heart of Biddeford, this well-maintained multi-family property offers a fantastic investment opportunity with strong, steady rental income. Situated on a quiet dead-end street, the property provides privacy and minimal traffic while still being conveniently close
to local amenities, shopping, and downtown.The building features three fully occupied units, making it an ideal turnkey investment. The unit mix includes one 1-bedroom apartment, one 2-bedroom apartment, and one spacious 4-bedroom apartment--appealing to a variety of tenant needs and maximizing rental potential. Each unit is currently leased, offering immediate cash flow for the next owner.Adding even more value, the property presents the potential to create a fourth unit in the basement (subject to town approvals), providing an opportunity to further increase income and overall return on investment.Outside, tenants enjoy a private backyard--perfect for relaxing or entertaining--along with the added benefit of a peaceful dead-end location. Major mechanical updates have already been completed, including a new furnace and oil tank installed in 2021, as well as upgraded electrical systems, offering peace of mind and reduced near-term capital expenses.Whether you're expanding your portfolio or entering the multi-family market, this property in Biddeford delivers location, stability, and upside potential all in one compelling package.

Biddeford ME 04005

House for sale

  • Baths: 3.5
  • Price: $579,900
  • Area: 2,965 sqft

Location

Biddeford ME 04005

House for sale

< House Biddeford

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This House for sale is located at Biddeford ME 04005. The home has and 3.5 Bathrooms. This House in Biddeford ME is for sale for $579,900 .

Disclaimer

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