12 Wiley St

Bangor, ME 04401 View Map $345,000 Ask a Question
12 Wiley St Bangor ME 04401 multi-family listing $345,000 | MLS: 1581900| Penobscot County, Maine Real Estate Photo 1
12 Wiley St Bangor ME 04401 multi-family listing $345,000 | MLS: 1581900| Penobscot County, Maine Real Estate Map
Bean Group

Bean Group

(800) 450-7784

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Status: Closed
Property Type:Multi-Family
MLS #:1581900
Sq. Feet:3,496
Date Closed:4/29/2024
Lot Size:6,534 Sq. Ft.

Listing Office

Listing Office:Exp Realty
Selling Office:NextHome Experience
ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.

Detailed Maps

Community Information

Address:12 Wiley St, Bangor, ME 04401
Zip Code:04401


Bathrooms: 4
Year Built:1910
Style:Colonial, New Englander, Other Style
Construction Materials: Other Exterior, Composition, Asbestos, Wood Frame
Roof: Metal
Foundation: Stone, Brick/Mortar
Basement: Full, Interior Entry, Unfinished
Parking Features: Paved, Off Street
Garages Features: No Vehicle Storage

Features / Amenities

Interior Features: Bathtub
Flooring: Wood, Vinyl, Laminate, Carpet
Laundry: Laundry - 1st Floor, Main Level
Amenities Features: Laundry - 1st Floor
Patio And Porch: Deck
Other Structures: Shed(s)
Exterior Features: Asbestos, Composition, Other Exterior
Cooling: Heat Pump
Heating: Radiator, Hot Water, Baseboard

Square Footage

Finished Sq. Ft.
Above Grade 3496
Below Grade 0
Total 0

Property Features

Lot Size: 0.15 Acres / 6,534 Sq. Ft.
Lot Features: Level, Open Lot, Intown, Near Shopping, Neighborhood
Site Features: Level, Open
Road Surface Type Features: Public
Lot Location Features: Intown, Near Shopping, Neighborhood
Utilities: Utilities On
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Heating Fuel Features: Gas Natural
Electric Features: Circuit Breakers
Road Surface: Paved
Driveway Features: Paved

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Year: 2024
Tax Annual Amount: $4,140
Gross Income: $53,600
Buyer Agency Compensation: 2.4000
Documents Available: Plot Plan Public Access, Deed Public Access, Property Disclosure Public Access, Lead Paint Addendum Public Access
Pets Allowed: No Restrictions
Restrictions: No Restrictions



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Listing Information Last Updated 7/13/2024