70 Mason

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Property Description:

Located in the heart of Biddeford, this well-maintained multi-family property offers a fantastic investment opportunity with strong, steady rental income. Situated on a quiet dead-end street, the property provides privacy and minimal traffic while still being conveniently close to local amenities, shopping, and downtown.

The building features three fully occupied units, making it an ideal turnkey investment. The unit mix includes one 1-bedroom apartment, one 2-bedroom apartment, and one spacious 4-bedroom apartment–appealing to a variety of tenant needs and maximizing rental potential. Each unit is currently leased, offering immediate cash flow for the next owner.

Adding even more value, the property presents the potential to create a fourth unit in the basement (subject to town approvals), providing an opportunity to further increase income and overall return on investment.

Outside, tenants enjoy a private backyard–perfect for relaxing or entertaining–along with the added benefit of a peaceful dead-end location. Major mechanical updates have already been completed, including a new furnace and oil tank installed in 2021, as well as upgraded electrical systems, offering peace of mind and reduced near-term capital expenses.

Whether you’re expanding your portfolio or entering the multi-family market, this property in Biddeford delivers location, stability, and upside potential all in one compelling package.

Price:
$579,900
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Address: 70 Mason StreetCity: Biddeford
State: MEBaths: 4
Bathrooms Full: 3Building Area Total: 2965

Features

Basement: Interior, Walk-Out Access, Daylight, Full, UnfinishedConstruction Materials: Vinyl Siding, Wood Frame
Cooling: NoneElectric: Circuit Breakers
Flooring: Wood, Vinyl, Laminate, CarpetFoundation Details: Concrete Perimeter, Slab, Brick/Mortar
Heating: Zoned, Hot Water, BaseboardInterior Features: Bathtub, Storage
Lot Size Square Feet: 3920.4Parking Features: No Driveway, Paved, On Street
Roof: ShingleSewer: Public Sewer
Stories: 3Water Source: Public
Year Built: 1890

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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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.