Bought with 603 Redstone Realty, LLC
$710,000
$779,900
9.0%For more information regarding the value of a property, please contact us for a free consultation.
9 Baths
6,320 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $710,000
Property Type Multi-Family
Listing Status Sold
Square Footage 6,320 sqft
MLS Listing ID 1578974
Sold Date 05/15/24
Style New Englander,Other Style
Full Baths 7
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 6,320
Originating Board Maine Listings
Year Built 1805
Annual Tax Amount $6,390
Tax Year 2023
Lot Size 0.510 Acres
Acres 0.51
Property Description
Explore boundless possibilities in this captivating 1805 home—a former inn, now configured as a single-family residence with four additional rental units. Offering versatility, the property seamlessly combines historical charm with modern living. Situated in close proximity to shops, restaurants, and nature, it provides unmatched convenience. Just under half a mile away, highly regarded Fryeburg Academy awaits. Also just minutes to 15 minutes to North Conway.
Five total units, comprising two two-bedroom apartments, one one-bedroom apartment, a studio, and a four-bedroom home, this property stands as a testament to adaptability. All units have been occupied, generating an annual income exceeding $100,000. The strategic options for the new owner are diverse—lease the entire property, reside in the main home or one of the units, pursue annual or short-term rentals—the choice is yours. Notably, four units have recently undergone significant updates and come furnished (even the four bedroom home with all that amazing period furniture and curated arcade games), enhancing the overall appeal and immediate functionality of the investment.
Location
State ME
County Oxford
Zoning Village Commercial
Rooms
Basement Walk-Out Access, Interior Entry, Unfinished
Interior
Interior Features Furniture Included, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub
Heating Stove, Steam, Radiator
Cooling None
Flooring Wood, Vinyl, Tile, Other, Laminate
Fireplaces Number 3
Fireplace Yes
Exterior
Garage 5 - 10 Spaces, Paved, Common, Detached, Off Street
Garage Spaces 1.0
Waterfront No
View Y/N Yes
View Trees/Woods, Mountain(s)
Roof Type Shingle
Street Surface Paved
Porch Screened
Parking Type 5 - 10 Spaces, Paved, Common, Detached, Off Street
Garage Yes
Exclusions None
Building
Lot Description Corner Lot, Level, Sidewalks, Wooded, Historic District, Intown, Near Shopping
Story 3
Foundation Stone, Slab
Sewer Private Sewer, Septic Existing on Site
Water Public
Architectural Style New Englander, Other Style
Structure Type Vinyl Siding,Wood Frame
Schools
School District Rsu 72/Msad 72
Others
Restrictions Unknown
Energy Description Wood, Oil
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