27 Summer Street, Biddeford, ME 04005 (MLS # 1570519)

PRICE $545,000 BEDS n/a BATHS 3 HOME SIZE 2,854 sqft LOT SIZE 2,614 sqft Request More Info

Perched on the edge of Biddeford's vibrant downtown, this attractive brick 2-unit is just a few short blocks away from amazing restaurants, breweries, and distilleries, which translates to an abundant pool of tenants as everyone wants to be near the action. But what really sets this building apart, is that in addition to its long-term units, it has an extensively renovated lockout unit with its own ensuite bathroom that creates the perfect setup for a short-term rental. You couldn't ask for a better entry point into the short-term rental space as you have rental income from two long-term units to help offset the vacancies between bookings creating a more consistent income stream. For the investor who plans to self-manage and maximize STR income, this building could easily cash flow. And we're talking cash flow after taking into account repairs AND vacancies. When was the last time you encountered a 2-unit that could boast that?! Newly installed replacement windows are the cherry on top. Such a great building to add to your portfolio!