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Colleen Lundgren, M.S.

colleen@colleenlundgren.com +1(207) 671-6026

Listed by John Krouse EXP Realty

$ 1,150,000

Est. payment | -/mo

4 Baths

4,911 SqFt

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$ 1,150,000

Est. payment | -/mo

Save

4 Baths

4,911 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,911 sqft

Price per Sqft $234

MLS Listing ID 1643996

Full Baths 4

HOA Y/N No

Year Built 1941

Tax Year 2024

Lot Size 1.100 Acres

Acres 1.1

Source Maine Listings

Land Area 4911

Property Description

CURRENT CAP RATE OF 7.39% AND PRICED APPROXIMATELY $70,000 BELOW RECENT APPRAISED VALUE! Rare opportunity to own a highly versatile income-producing property featuring three separate smart-enabled buildings on more than an acre in Biddeford. Ideal for an investor, owner-occupant, multigenerational living, family compound, traditional rentals, or a combination of long- and short-term rental strategies. The main residence offers three bedrooms plus an in-law suite with its own kitchen, radiant floor heating in key areas, two laundry rooms, custom tiled bathrooms, Viessmann heating system, newer metal roof, and 20KW whole-house generator. Wall-mounted TVs convey. A second detached building features a full bath, two ductless mini-splits, dedicated 10KW generator, full networking capabilities, and was structurally designed for a future second story. The turnkey cottage provides another independent living or rental opportunity with an open floor plan, washer/dryer, mounted TV, Bose surround sound, and its own 10KW generator. All three buildings are integrated with smart technology offering app-based control of lights, locks, cameras, thermostats, and alarms. Additional features include separate electric meters, individual in-ground propane tanks with remote monitoring, a newer leach field installed in 2021, paved parking, and room for potential future expansion. Conveniently located near downtown Biddeford, the University of New England, beaches, restaurants, and I-95. A unique opportunity to acquire an income-producing property below recent appraised value while offering multiple possibilities for how the next owner can live, invest, and generate income.

Location

State ME

County York

Zoning RF

Direction GPS friendly

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Interior Features Attic, Bathtub, Other, Shower, Walk-In Closet(s), Primary Bedroom w/Bath

Heating Electric, Gas Bottled, Propane, Direct Vent Furnace, Direct Vent Heater, Forced Air, Heat Pump, Zoned, Radiant

Cooling Heat Pump

Flooring Carpet, Laminate, Tile, Wood, Luxury Vinyl, Plank

Equipment Cable, Other

Exterior

Parking Features Common, Paved, 5 - 10 Spaces, Garage Door Opener, Inside Entrance, Heated Garage

Garage Spaces 4.0

Roof Type Membrane,Metal,Shingle

Porch Deck

Garage Yes

Building

Lot Description Suburban, Level

Entry Level Multi-Level

Foundation Pillar/Post/Pier, Poured Concrete

Water Private, Well

Architectural Style Colonial, Contemporary, Cottage

Others

Tax ID BIDD-000003-000000-000019

Security Features Security System

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 671-6026

colleen@colleenlundgren.com

63 Federal St, Portland, ME 04101, USA

6 Proctor RD #A Biddeford, ME 04005

Colleen Lundgren, M.S.

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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6 Proctor RD #A