372 Old County RoadHampden, ME 04444

Description

A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.

Property Information

Property type

Residential Income

Style

Contemporary / Ranch

Year built

1930

Stories

1

Living area

2,400 Sq Ft

Lot size

0.40 acres

Zoning

RES/COM

Days on market

105

MLS^® Listing#

1667547

Property Features

Appliances

Water Heater

Cooling

Heat Pump

Heating

Heat Pump · Radiant

Flooring

Concrete

Parking

Paved · On Site · Off Street

Laundry

Main Level

Lot features

Other · Level · Open Lot

Construction

Steel Siding · Frame

Foundation

Slab

Roof

Flat · Membrane

Windows

Double Pane Windows

Utilities

Natural Gas Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$2,258Tax year 2025