$749,900
Discover a unique investment opportunity at 1646 Branch Road in Wells. This legal fourplex is a rare find in the Wells Branch area. Conveniently located just minutes from downtown Kennebunk and everything the Town of Wells has to offer, including shopping, restaurants, schools, and beautiful beaches, this property is perfectly… Read More situated for both residents and investors alike. Spanning a total of 3,168 sq. ft., this well-maintained building is divided into four equivalent units, each offering 2 bedrooms and 1 full bath. Each unit comes equipped with its own gas/K-1 (depending on the unit) and electrical meter, serviced by Kennebunk Light & Power, ensuring individual utility management. Additionally, the property features private water and a sewer system with two 1500-gallon tanks. Situated on a private 1-acre lot that abuts land owned by the KK&W Water District, this property offers a tranquil setting with plenty of privacy. There is ample off-street parking and a substantial backyard for tenants and guests to enjoy. Whether you're looking for an owner-occupied residence with rental income potential or a solid investment property, this is a truly unique offering in this area. Each unit is move-in ready, complete with a refrigerator and range. Units A & B feature kerosene monitor heaters and supplemental electric baseboard, while Units C & D are equipped with newer propane Rinnai heaters and supplemental electric baseboard. Upgrades include the flooring in most units, some paint, and the building has been upgraded to vinyl siding for easy maintenance. The current owner has also made improvements to the exterior façade to improve curb appeal. With rents currently below market value, there is significant room for growth, making this an attractive option for investors looking to maximize their return. Contact us today to schedule a viewing and explore the potential of 1646 Branch Road! Showings begin at open house on Saturday, September 7th - 11 AM to 1 PM. Read Less
Courtesy of Anchor Real Estate 207-361-5007
Listing Snapshot
Days Online
17
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
4
Square Ft.
3,168
Lot Size
1 Acres
Year Built
1974
MLS Number
1602380
30 Days Snapshot Of 04090
$
-17%
(avg) sold price
64
+137%
homes sold
36
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: "Paved"
Appliances & Equipment
Appliances: "Refrigerator", "Electric Range"
Basement
Basement: "None", "Not Applicable"
Building
Architectural Style: "Colonial", "Split Entry", Building Area Source: Public Records, Building Area Total: 3,168, Construction Materials: "Vinyl Siding", "Wood Frame", Year Built: 1974
Cooling
Cooling: "None"
Foundation
Foundation Details: "Block"
Heating
Heating: "Direct Vent Heater", "Baseboard", Heating Included
Lot
Features: "Level", "Wooded", "Abuts Conservation", "Rural", 1 acres, Area: 1, 43,560 square feet
Parking
Features: "11 - 20 Spaces", "Gravel", "On Site", "Off Street"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Other Structures: "Shed(s)", Parcel Number: WLLS-000084-000000-000005, Property Sub Type: Single Family Residence, View: "Trees/Woods", Zoning: R
Roof
Roof: "Shingle"
Sewer
Sewer: "Private Sewer", "Septic Existing on Site"
Taxes
Annual Amount: $2,982, Tax Lot: 005
Utilities
Electric: "Circuit Breakers", Water Source: "Private", "Well"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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