$450,000
Why choose between income, lifestyle, or business potential when you can have all three? Perfectly positioned in Biddeford's sought after Five Points neighborhood, this fully renovated two unit property features rare B2 zoning, allowing for residential, commercial, or mixed use. Whether you want to live in one… Read More unit and rent the other, lease both, or explore a variety of business opportunities, this property delivers flexibility and long term value in one of Maine's fastest growing markets. This duplex style building has been extensively updated with a new roof, front porch, siding, fresh paint, flooring, new appliances, granite countertops and cabinets in one of the kitchens, updated bathrooms, plumbing and electrical upgrades, and a new 200 amp electrical service. Both units feature three bedrooms, and one full bathroom perfect for additional living space or a home office. Projected rents are $2,000 per month per unit, offering potential annual income of $48,000. Each unit has separate utilities, allowing tenants to pay their own heat and electricity and maximizing your bottom line. With both units vacant and move in ready, this is an ideal opportunity for immediate occupancy or investment returns. Off street parking is available for each unit on opposite sides of the property and a rare downtown backyard space for outdoor enjoyment. What sets this property apart is its B2 zoning. In addition to being a strong residential investment, this lot opens the door to a variety of commercial uses in one of Biddeford's fastest growing areas. 336-338 Alfred Street is turnkey, income producing, and full of potential in one of Southern Maine's most dynamic markets. Read Less
Courtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
16
Last Updated
Property Type
Mixed Use
Square Ft.
1,808
Lot Size
0.09 Acres
Year Built
1900
MLS Number
1630878
30 Days Snapshot Of 04005
$694k
-2%
(avg) sold price
17
-34%
homes sold
27
+107%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Cooling: "None"
Basement
Basement: "Full", "Unfinished"
Building
Building Area Total: 1,808, Construction Materials: "Vinyl Siding", "Wood Frame", Year Built: 1900, 2 stories
Expenses
Operating Expense: $5,192
Exterior Features
Other Equipment: "Internet Access Available"
Floors
Flooring: "Laminate"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $48,000
Interior Features
Features: "Storage"
Lot
Features: "Public Transport Access", "Near Turnpike/Interstate", "Downtown", "Near Shopping", 0.09 acres, Area: 0.09, 3,920 square feet
Parking
Features: "1 - 4 Spaces", "On Site", "Off Street"
Property
Business Type: "Commercial", "Freestanding Building", "Office Building", "Other", "Net Leased", Other Structures: "Shed(s)", Parcel Number: BIDD-000028-000000-000018, Property Sub Type: Mixed Use, Zoning: B2
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,391, Tax Lot: 8000
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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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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