22 Penobscot Street, Orono, ME 04473 (MLS# 1671578)

Description

Solid, income-producing 3-unit on Penobscot Street in Orono, with the big-ticket updates already done. A new heating and hot-water boiler (2024) and a roof replaced in 2016 headline the improvements, along with all-new toilets, updated plumbing, and a new sewer line -- so the next owner inherits updated mechanicals instead of a deferred-maintenance list. Each of the three units has its own in-unit laundry. The location keeps demand strong: just minutes from the bus line, Webster Park, and the University of Maine, with water views of the Penobscot River. The unit mix -- two 2-bedroom units and a 1-bedroom -- gives you flexibility to occupy one and rent the others or run all three. Updated systems, a proven rental location, and room to optimize rents make this a great portfolio addition.

Supplements: ********

Location Information

Street #: 22 Street Name: Penobscot Street Type: Street County: Penobscot Town: Orono State/Province: ME Zip Code: 04473 Zip +4: 4438 Leased Land: No Book: 16601 Page: 156-157 Map: 020 Block: 003 Lot: 082 Zoning: Residential Zoning Overlay: Unknown Association: No Full Tax Amount $: 5175 Tax Year: 2025 Tree Growth Y/N: No Geo Lat: 44.884813 Geo Lon: -68.660855

Contract Information

Status: Active Original List Price: 325000 List Price: $325,000 Current Price: $325,000

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Personal Rep Deed: All 2 Detached Houses on 1 Lot: No Number of Units: 3 Total Baths: 3 Total Full Baths: 3 Color: Yellow Year Built: 1836 SqFt Finished Above Grade: 3676 SqFt Finished Total: 3676 SqFt Source: Public Records Garage: Yes Garage Spaces: 1 Lot Size Acres +/-: 0.22 Source of Acreage: Public Records Road Frontage +/-: 66 Source of Road Frontage: Public Records

Water Info

Water Frontage: No Water View: Yes Water Body Name: Penobscot River

Building Info

# Stories: 2 # Floors: 2 # Heating Units: 2 # Water Heaters: 1

Units

# of 1 BD Units: 1 # of 2 BD Units: 2

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 1600 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 750 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Open; Sidewalks Location: Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Public Transport Access Water Body Type: River Recreational Water: Nearby; River/Brook/Stream View: Scenic Style: Colonial Construction: Wood Frame Basement: Bulkhead; Crawl Space; Partial; Unfinished Basement Entry: Bulkhead Foundation Materials: Granite Exterior: Metal Clad Roof: Shingle Heat System: Baseboard; Forced Air; Hot Water; Zoned Heat Fuel: Gas Bottled; K-1/Kerosene; Propane Water Heater: Electric; Gas; On Demand Cooling: None Floors: Carpet; Painted/Stained; Vinyl; Wood Amenities: 1st Floor Bedroom; Attic; Bathtub; Laundry - 1st Floor; Laundry - 2nd Floor; Laundry - Hookup; One-Floor Living; Shower; Storage Energy Efficiency: Ceiling Fans Driveway: Gravel Parking: 5 - 10 Spaces; On Site Vehicle Storage: 1 Car; Auto Door Opener; Detached Electric: Circuit Breakers; Fuses Gas: Bottled Sewer: Public Sewer Water: Public