WINSLOW – Here is an unusual opportunity to own, and live in, a sterling multi-family property. It is a significant income-producer, whether for an owner-occupant offering multiple rentals, or for a buyer who chooses to create a condominium association. A multi-generational family compound would also be an option.
Built in 2003, the scrupulously maintained homes abut the high school complex on a quiet street in an established, well-kept neighborhood. There are seven in total, all two-bedroom, one-bath, ranch-style units. They are set in two rows: one row of three connected homes facing the street; and behind them, across a parking area, two duplexes side-by-side. The front three homes have basements, and there is a three-vehicle garage attached to the primary house.
Long-term tenants, all professionals who have been screened by an agency, are in place. It has been the seller’s practice to rent units by the month, and that flexibility has worked to everyone’s benefit.
Homes are west-facing, on an open, 0.83-acre, beautifully landscaped and hardscaped corner lot that enjoys abundant light, and is nicely screened by woods to the rear.
The bright spaciousness of the main house is seen throughout the units, which have cathedral ceilings and open-concept living/dining/kitchen spaces. The “triplex” homes measure 1,350 square feet; the duplexes are 832 square feet. Full basements in the triplex provide many options for finishing into family/recreation/exercise rooms, etc.
The property at 23 North Garand St., Winslow, is listed for sale at $699,000 by Alice Burrill of Century 21 Surette Real Estate in Waterville. Taxes were $8,835 in 2015. Because there are more than three homes, the property is technically commercial, and must be financed accordingly.
The homes are being shown by appointment. To arrange a viewing, please contact Alice at 873-5634, 649-6873, or at [email protected].
The Central Maine Home of the Week is produced by the Marketing Department of the Kennebec Journal and Morning Sentinel. Please send feature home suggestions to [email protected].