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87 Somerset Street, Bangor, ME 04401

Property Type: Multi-Family Baths: 2 Square Footage: 1,744 Lot Size (sq. ft.): 1,742 Status: Closed
Current Price: $240,000 List Date: 10/08/2023 Last Modified: 2/27/2024


Nestled in the heart of downtown Bangor, Maine, this charming two-apartment multi-family building offers an exceptional investment opportunity. The downstairs apartment, thoughtfully furnished by the current owners, will be delivered with all furniture included in the sale, making it an enticing turnkey option for potential buyers. Recent upgrades abound, with new flooring, a washer/dryer, fresh paint throughout both units in 2023, and a new oven in the downstairs apartment. Notable improvements include brand-new window treatments, a staircase connecting the second-floor deck to the ground, and a front porch renovation in 2015. Additional details available in the provided addendum. This property is a promising prospect for those seeking both convenience and value in the vibrant city of Bangor.

Supplements: ********

More Information MLS# 1574293

Location Information

Street #: 87 Street Name: Somerset Street Type: Street County: Penobscot Town: Bangor State/Province: ME Zip Code: 04401 Zip +4: 5323 Leased Land: No Book: 16741 Page: 124 Map: 1604 Lot: 87 Zoning: URD-2 Zoning Overlay: Unknown Association: No Full Tax Amount $: 2310 Tax Year: 2021 Geo Lat: 44.80611 Geo Lon: -68.765759

Contract Information

Status: Closed Original List Price: 240000 Sold Price: $240,000 Current Price: $240,000

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 2 Total Baths: 2 Total Full Baths: 2 Year Built: 1910 SqFt Finished Above Grade: 1744 SqFt Finished Total: 1744 Garage: No Lot Size Acres +/-: 0.04 Source of Acreage: Public Records

Compensation & Misc Info

Buyer Agency: 2 Buyer Agency Type: %

Status Change Info

Pending Date: 2023-10-31 Closed Date: 2024-01-25 Closed Price: 240000

Water Info

Water Frontage: No Water View: No

Income & Expenses

Gross Income: 21600 Operating Expenses: 11759.41


# of 1 BD Units: 1 # of 2 BD Units: 1

Unit 1

Lease: No Level: Second Security Deposit: No Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes


Utilities On: Yes

Sold Info

Appraiser Email Address: mplummer@mapappraisals.net

Property Features

Site: Sidewalks Location: Intown; Near Golf Course; Neighborhood; Shopping Mall Roads: Public Style: Colonial Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Carpet; Laminate; Other; Tile Amenities: Furniture Included; Laundry - Hookup Patio and Porch Features: Porch; Porch-Screened Driveway: Gravel Parking: On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
Last Updated: February - 27 - 2024
87 Somerset Street, Bangor, ME 04401- MLS# 1574293
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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