Machias, ME 04654 17 Bruce Street
$359,900
29 more
Presented By: The Christopher Group, LLC;
Home Details
LOOKING FOR A MULTI-FAMILY INVESTMENT PROPERTY WITH NO RENOVATIONS NEEDED? The heavy lifting has been done with this in-town, multi-family property consisting of four studio apartments with dedicated off-street parking for each unit. In the current configuration, the two main level units are unfurnished while the two second level units are fully furnished. Over the past several months, the units have been occupied by a combination of short-and long-term tenants. There are numerous possibilities for future tenants such as traveling medical professionals, workforce housing, university faculty or students, and vacation rentals. Another option is to owner occupy one unit and generate income from the other three.
The cozy units have been tastefully finished and reflect both simplicity and functionality. Each unit has a kitchen with upgraded cabinetry and solid surface countertops, a bathroom with shower, and a sizable combined living room/bedroom area. The second level units share an outdoor deck. There is the possibility to expand up by using the large attic to provide more living space for one or both second level units. Each unit has an energy efficient heat pump. The convenient intown location is within walking distance to amenities such as shops, eateries, library, post office, university, and much more.
The Machias Bay area is the perfect spot for residents and visitors to enjoy a wide-range of outdoor activities such as hiking, kayaking, biking, and ATVing. Nearby Jasper Beach, Roque Bluffs State Park, and the Bold Coast Trail are local treasures. Machias was settled in 1763 and serves as the commercial, educational, medical, cultural, and governmental center of Maine's easternmost county.
A rare find in today's marketplace, this multi-family property was extensively renovated in 2024. This is an excellent investment opportunity in Machias with a strong demand for rental properties. Furniture in the second level units conveys. Seller concessions available.
Presented By: The Christopher Group, LLC;
Interior Features for 17 Bruce Street
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Above Grade Finished Area1650.0
Air Conditioning Y/NYes
BasementNone, Not Applicable
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringLaminate
Heating Y/NYes
General for 17 Bruce Street
Additional Parcels Y/NNo
Architectural StyleOther Style
Attached Garage No
Carport Y/NNo
CityMachias
Construction MaterialsVinyl Siding, Wood Frame
CoolingHeat Pump
CountyWashington
ElectricCircuit Breakers
Electric On Property Y/NNo
ExclusionsSecurity camera system
Full Baths4
Garage Y/NNo
Gross Income48300.0
HOANo
HeatingHeat Pump, Baseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense7750.0
Patio/Porch FeaturesDeck
Pets AllowedNo Restrictions
Property TypeMulti-Family
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Annual Amount1776.0
Tax Lot65
Tax Year2024
UtilitiesUtilities On
Virtual TourClick here
Waterfront Y/NNo
Year Built1970
ZoningNone
Exterior for 17 Bruce Street
Building Area Total1650.0
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Interior Lot, Intown, Near Shopping, Neighborhood
Lot Size Acres0.14
Lot Size Area0.14
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking FeaturesNo Driveway, 1 - 4 Spaces, On Site, Paved, Off Street
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History
Dustin Mallar
Broker