Property Description

Opportunity knocks in the heart of Old Town! This well-maintained two-unit property offers flexibility for investors and owner-occupants alike. The first-floor unit features 2-3 bedrooms, 1.5 bathrooms, and is currently owner-occupied, providing spacious living with strong rental potential estimated at approximately $1,600-$1,800 per month. The second-floor unit offers 1-2 bedrooms and 1 full bathroom and is currently rented below market value, creating an opportunity for future income growth.Each unit enjoys its own private entrance, dedicated parking area, and separate electrical meter. Tenants benefit from included heat, hot water, and public sewer, while a shared front porch, small backyard, and storage shed add to the property's appeal. Conveniently located just minutes from the University of Maine, downtown Old Town, shopping, restaurants, and local employers, this property is well-positioned to attract both students and long-term tenants.Whether you're looking to live in one unit while offsetting your mortgage with rental income or expand your investment portfolio with a turnkey multifamily property, 28 Bodwell Street offers versatility, income potential, and financing options that should qualify for VA, FHA, USDA, and conventional loan programs.

Property Features