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$49,900 (USD)
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Madawaska Area Multi-Family Home

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445 Main Street Madawaska, ME 04756

Bed
1 Baths
2112 sqft
MLS# 1685997
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INVESTMENT OPPORTUNITY - PRICED TO SELL! Looking for an affordable investment property with plenty of potential? This versatile, fully vacant building presents an opportunity for investors, entrepreneurs, or buyers looking for a property they can make their own! The second floor features a two-bedroom apartment with an additional room currently used for laundry that could potentially serve as a third bedroom. The apartment has benefited from renovations, including an updated bathroom approximately four years ago. The main level previously operated as a hair salon and still features the hair-washing stations and existing plumbing, along with a break room and bathroom. This space could potentially be reopened as a salon, repurposed for another business, or converted into an additional residential unit, subject to necessary permits and approvals. With the entire building currently vacant, the next owner has the flexibility to begin planning renovations or improvements without having to work around existing tenants. The property has been priced accordingly to reflect known structural issues with the foundation, making this an opportunity for buyers prepared to address the necessary repairs. Whether you're looking to establish a business, create rental income, or renovate for future investment potential, this property is worth a look. Bring your ideas and explore the possibilities!
Listing Courtesy of MAINE LISTINGS - IDX