This FULLY OCCUPIED 4 unit CASH POSITIVE property in Bangor School District is now available. $54, 600 GROSS INCOME. $45, 051.83 NET INCOME. Low taxes $4, 948.17 per year. Current rent rates are BELOW MARKET VALUE. Rent rates should be: $1, 400; $1, 500; $1, 100; $1, 500. With over 3, 300 sq feet, this quadruplex property is in OUTSTANDING CONDITION and features 4 NEW HOT WATER HEATERS, DISHWASHERS IN EACH UNIT, hardwood floors, ONSITE LAUNDRY for each unit, 1 & 2 BR units EACH WITH THEIR OWN FULL BATHROOM, large yard and PARKING FOR ALL TENANTS. All units have large bedrooms, eat-in kitchens and spacious living areas. ALL units are OCCUPIED with long term tenants (on month to month leases). Each unit has its own laundry, electric meter and box, and water heater. Low annual taxes, SEPARATE UPGRADED ELECTRIC, separate water meters and tenants take care of lawn maintenance & snow removal. Tenant pays electric, heat, cable, internet. Landlord pays water, sewer, garbage, insurance and taxes. Some units are Section 8 approved.
