- 8,884 sq.ft.
- 7.5 acres
- property type General Commercial
- class Commercial
- year built 1960
- listing office Hearth & Key Realty
Introducing an exceptional investment opportunity in Madison, Maine - a stunning 27-bedroom rooming house situated on an expansive 7.5-acre property. This income-generating property is a testament to exceptional cash flow and low expenses, making it a savvy choice for investors seeking substantial returns. With a total of 27 well-appointed bedrooms, this rooming house offers a consistent and lucrative income stream. The expansive 7.5-acre lot not only adds to the property's allure but also provides room for potential expansion or other future developments. The low operational costs and high occupancy rates ensure that your investment remains profitable, while the scenic surroundings and the charm of Madison, Maine, make it an enticing prospect for both investors and residents. Don't miss this opportunity to acquire a property that combines financial stability with the potential for growth and long-term success.
Listing Files
- Year Built 1960
- Lot Size 7.5 acres
- County Somerset
- City Madison
- Zone Res RU
- Location Rural
- Full Tax Amount $7,235.00
- Tax Year 2022
- Association Fee $0.00
- Basement Unfinished
- Equipment Internet Access Available
- Construction Wood Frame
- Exterior Vinyl Siding
- Basement Unfinished
- Roof Metal
- Heat System Baseboard, Hot Water
- Heat Fuel Oil
- Electric Circuit Breakers
- Water Private
- Waste Water Disposal Private Sewer
- Parking 21+ Spaces, Garage, On Site
207-577-2851
Listing data is derived in whole or in part from the Maine IDX and is for consumers’ personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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