12 Wiley St
Closed 4/29/24
Closed 4/29/24
Description
ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This...ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.
- Listed by Tara Roy • EXP Realty
Property Details for 12 Wiley Street
Waterfront
No
ArchitecturalStyleColonial, New Englander, Other Style
GarageNo
ZoningURD1
LISTING UPDATED: 01/16/2025 10:11 PM
Property Details for 12 Wiley Street
| Status | Closed |
|---|---|
| MLS # | 1581900 |
| Days on Market | 5 |
| Taxes | $4,140 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1910 |
| Lot Size | 0.15 AC / 6,534 SF |
| County | Penobscot County |
Location
Listing Courtesy of EXP Realty
Sold By NextHome Experience
Add your commute
Building Information for 12 Wiley Street
Stories-Residences3Year Built1910Building Size-Lot Size0.15 AC / 6,534 SF
Payment Calculator
$2,026 per month
30 year fixed, 6.15% Interest
Principal and Interest
$1,681
Property Taxes
$345
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 12 Wiley Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 3773
- Directions: On Wiley between Ohio & Union Street
- Town: Bangor
- State/Province: ME
- Zip Code: 04401
- County: Penobscot
- Geo Latitude: 44.809297
- Geo Longitude: -68.785208
- Tax Lot: 7
- Site:Level: Yes
- Site:Open: Yes
- Location:Intown: Yes
- Location:Near Shopping: Yes
- Location:Neighborhood: Yes
Parking
- Parking Features: Paved, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 15432
- Tax Map Number: 21
- Tax Year: 2024
- Parcel Number: BANG-000021-000000-000007
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,140.00
- Restrictions:No Restrictions: Yes
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 3496.0
- Lot Size Acres: 0.15
- Source of Acreage: Public Records
- Building Area Total: 3496.0
- Lot Size Area: 0.15
- Lot Size Units: Acres
- Lot Size Square Feet: 6534.0
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 12
- Property Information:Surveyed: Yes
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
- Property Information:Deed: Partial
- Property Information:Deed Restrictions: Unknown
- Property Information:Bank Owned REO: No
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: .00
- Property Information:Source of Road Frontage: Public Records
Parking
- Driveway:Paved: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1910
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Other Exterior, Composition, Asbestos, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Metal
- Other Structures: Shed(s)
- Patio and Porch Features:Deck: Yes
Interior Features
- Basement: Full, Interior Entry, Unfinished
- Flooring: Wood, Vinyl, Laminate, Carpet
- Interior Features: Bathtub
- Cooling: Heat Pump
- Heating: Radiator, Hot Water, Baseboard
- Foundation Details: Stone, Brick/Mortar
- Laundry Features: Laundry - 1st Floor, Main Level
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $53,600.00
- Operating Expenses: $13,476.00
Multi-Family Information
- Number of Units: 3
- Building Info:# Heating Units: 1
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $1,400.00
- Unit 1:# Full Baths: 2.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 5.00
- Unit 1:# of Bedrooms: 2.00
- Unit 1:Dedicated Electric Meter: No
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: Yes
- Unit 2:Level: Second
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,100.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 2.00
- Unit 2:Dedicated Electric Meter: No
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: First
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $1,995.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 5.00
- Unit 3:# of Bedrooms: 1.00
- Unit 3:Dedicated Electric Meter: No
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: Yes
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 3
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 12 Wiley Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 29, 2024 | Sold (Public Record) Public Record #1531443094 | $345,000 | — |
| Apr 29, 2024 | Sold Maine Listings #1581900 | $345,000 | — |
| Feb 16, 2024 | Pending Maine Listings #1581900 | — | |
| Feb 15, 2024 | Active Under Contract Maine Listings #1581900 | — | |
| Feb 7, 2024 | Listed (Active) Maine Listings #1581900 | $335,000 | — |
| May 5, 1999 | Expired Maine Listings #255496 | $79,500 | — |
| Sep 2, 1998 | Listed (Active) Maine Listings #255496 | $110,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/29/2024 | Sold (Public Record) Public Record #1531443094 | $345,000 |
| 04/29/2024 | Sold Maine Listings #1581900 | $345,000 |
| 02/16/2024 | Pending Maine Listings #1581900 | — |
| 02/15/2024 | Active Under Contract Maine Listings #1581900 | — |
| 02/07/2024 | Listed (Active) Maine Listings #1581900 | $335,000 |
| 05/05/1999 | Expired Maine Listings #255496 | $79,500 |
| 09/02/1998 | Listed (Active) Maine Listings #255496 | $110,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12 Wiley Street
Taxable ValueLand$16,500Additions$221,400Total$237,900
Tax Record2024$4,413 ($368 / month)
Home Facts
Baths3Total Finished SqFt2,841 SqFtAbove Grade Finished SqFt2,841 SqFtStories2Lot Size6,534 SqFtStyleTriplexYear Built1910Year Renovated1945ZoningURD1CountyPENOBSCOTAPNBANG M:021 L:007
Schools near 12 Wiley Street
This home is within Bangor Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | 4 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Fourteenth Street School PublicPK to 3 | ||
Fairmount School Public4 to 5 | ||
James F. Doughty School Public6 to 8 | ||
Bangor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Broadway Homes for Sale
- Downtown Bangor Homes for Sale
- Little City Homes for Sale
- Mount Hope-Stillwater Park Homes for Sale
- Outer Essex Homes for Sale
- Thomas Hill District Homes for Sale
- Tree Streets Homes for Sale
- Veazie Homes for Sale
- West Side Village Homes for Sale
- Whitney Park Historic District Homes for Sale
- Alton Homes for Sale
- Penobscot Indian Island Homes for Sale
- Penobscot Indian Island Reservation Homes for Sale
- Argyle Homes for Sale
- Otis Homes for Sale
- Orono Homes for Sale
- Newburgh Homes for Sale
- Levant Homes for Sale
- Kenduskeag Homes for Sale
- Hermon Homes for Sale
- Hampden Homes for Sale
- Glenburn Homes for Sale
- Eddington Homes for Sale
- Carmel Homes for Sale
- Brewer Homes for Sale
- Bangor Homes for Sale
- Hudson Homes for Sale
- Old Town Homes for Sale
- Orrington Homes for Sale
- Holden Homes for Sale
- 04473 Homes for Sale
- 04450 Homes for Sale
- 04456 Homes for Sale
- 04412 Homes for Sale
- 04419 Homes for Sale
- 04428 Homes for Sale
- 04444 Homes for Sale
- 04449 Homes for Sale
- 04468 Homes for Sale
- 04474 Homes for Sale
- 04429 Homes for Sale
- 04411 Homes for Sale
- 04427 Homes for Sale
- 04488 Homes for Sale
- 04469 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of EXP Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
