3 Bedroom 1 Bath Single Family Home

187 Main St, Mattawamkeag, ME 4459

$75,000 After Repair Value -
$45,000 Asking Price -
$13,000 Cost of Repairs =
$17,000 Potential Profit

Property Details

Asking Price $45,000

After Repair Value $75,000

Costs of Repairs $13,000

Potential Profit $17,000

Living Area 1100 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income N/A

Yearly Expenses N/A

Property Taxes $1,100

Net Operating Income N/A

Cap Rate N/A

Property Description

Up for sale is a 3 bedroom 1 bath single family home in the small town of Mattawamkeag Maine just 10 miles north of Lincoln Maine and just an 1 hr north of Bangor Maine. This property is being sold as part of an estate and is currently being lived in into sold. The home has had some work done to it over the course of the last year which is outlined below. This home is being sold as a handyman special as it needs work including a new roof (leaks), some trim, paint, and other work done.

The Good:

3 Bedroom
1 Bath
6 Room home with basement and crawlspace.
Glass Porch
Deck
Enclosed Porch
New Oil Tank
Boiler was just serviced
New Electric Water Heater
Well Water
Private Septic
Residential and Commercial Zoning
3 Car Garage (should have a new roof, and addition removed)
Shed in backyard

The Bad:
Needs a new roof and flashing
Foundation has a crack / bowing in one wall due to improper back filling but could be fixed and has been this way for years.
Needs a new draft regulator on furnace chimney connector
Needs paint, and trim work
some electrical updates maybe needed as home is wired for 100 amp service
No appliances included

The home was built in 1900 and sits on .80 +/- acre and the home is 1100 sq ft. We are asking $45,000 Cash only. No Trades, No Rent to Own, No Lease to Own. Please see photos for condition.

Address: 187 Main St Mattawamkeag Maine 04459

Property is zoned for commercial use as well as residential. Former businesses included:
Small engine repair shop, art store, home inspection office, heating company, and others.

Contact by email or text: - for more information or with questions.

Property For Sale By Owner. Closing will be handled through our lawyer.

Repairs Needed

Home is need of a new roof, some foundation work (been this way for years), electrical is recommended to be upgraded to 200 amp service, trim work, paint, and siding repair.

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