40 Fern Street

40 Fern Street

Bangor, ME 04401

$379,000
Price
2
Beds
2
Baths
1,968 Sq. Ft.
$193 / Sq. Ft.
1,968
Sq. Ft.
$193
per Sq. Ft.
Screen Shot 2024-02-09 at 2.40.04 PM
IMG_7931
IMG_7932
IMG_7934
IMG_7935
IMG_7936
IMG_0062
IMG_0061
IMG_0060
IMG_0059
IMG_0058
IMG_0057
IMG_0056
IMG_0051
IMG_0050

Description

Introducing a fantastic opportunity in Bangor, Maine! This meticulously cared-for 4-unit building is a gem in the heart of the city. Offering three cozy one-bedroom units and a spacious two-bedroom top floor unit, it's perfect for both investors and residents. Situated close to downtown Bangor and the hospital, convenience is at your doorstep. The property boasts a large parking lot, ensuring ample space for tenants and guests. With its well-maintained condition and prime location, this building...Introducing a fantastic opportunity in Bangor, Maine! This meticulously cared-for 4-unit building is a gem in the heart of the city. Offering three cozy one-bedroom units and a spacious two-bedroom top floor unit, it's perfect for both investors and residents. Situated close to downtown Bangor and the hospital, convenience is at your doorstep. The property boasts a large parking lot, ensuring ample space for tenants and guests. With its well-maintained condition and prime location, this building promises great income potential and a comfortable living experience. Don't miss out and schedule your showing today and seize this excellent investment opportunity!
  1. Listed by Timothy Bush Racheal Pasqual • NextHome Experience
  2. Listed by Jonathan Seavey • NextHome Experience

Property Details for 40 Fern Street

Waterfront
No
ArchitecturalStyle
Colonial
Garage
No
Zoning
Urban Res Dist 1

Location

Listing Courtesy of NextHome Experience
Add your commute
LISTING UPDATED: 05/15/2024 11:21 AM

Property Details for 40 Fern Street

StatusActive
MLS #1581964
Days on Market98
Taxes$3,315 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1880
Lot Size0.20 AC / 8,712 SF
CountyPenobscot County

Location

Listing Courtesy of NextHome Experience
Add your commute

Building Information for 40 Fern Street

Stories-Residences2Year Built1880Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$2,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,068

Property Taxes

$276

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Fern Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 5589
  • Town: Bangor
  • State/Province: ME
  • Zip Code: 04401
  • County: Penobscot
  • Geo Latitude: 44.807897
  • Geo Longitude: -68.75827
  • Tax Lot: 119
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Neighborhood: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Gravel, On Site
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 11321
  • Tax Map Number: 054
  • Tax Year: 2023
  • Parcel Number: BANG-000054-000000-000119
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,315.00
Property
Heating and Cooling
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 1968.0
  • Lot Size Acres: 0.2
  • Source of Acreage: Public Records
  • Building Area Total: 1968.0
  • Lot Size Area: 0.2
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8712.0
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 40
  • Property Information:Surveyed: No
  • Property Information:Seasonal: No
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Documents Available: Property Disclosure Public Access, Lead Paint Addendum Public Access
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1880
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
Interior Features
  • Basement: Interior Entry, Unfinished
  • Flooring: Laminate
  • Cooling: None
  • Heating: Baseboard
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $41,986.00
  • Operating Expenses: $39,607.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: Second
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,350.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 1.00
  • 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: First
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $1,375.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 1.00
  • 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 Information
  • Units:# of 1 BD Units: 2
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 40 Fern Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Fern Street

Taxable ValueLand$26,500Additions$146,600Total$173,100
Tax Record2023$3,315 ($276 / month)
Home Facts
Baths2Total Finished SqFt1,968 SqFtAbove Grade Finished SqFt1,968 SqFtStories2Lot Size8,712 SqFtStyleDuplexYear Built1880ZoningURD1CountyPENOBSCOTAPNBANG M:054 L:119

Schools near 40 Fern Street

This home is within Bangor Public Schools.
Rating
School
Type
Grades
Distance
Fruit Street School
Public - PK to 3
Mary Snow School
Public - 4 to 5
William S. Cohen School
Public - 6 to 8
Bangor High School
Public - 9 to 12
Rating
School
Distance
Fruit Street School
PublicPK to 3

Mary Snow School
Public4 to 5

William S. Cohen 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Tree Streets

Neighborhoods

Cities

ZIPs

More information about 40 Fern Street, Bangor, ME 04401

40 Fern Street is a multi-family home for sale in Bangor, ME 04401. This property was listed for sale on January 26, 2024 by NextHome Experience, it's currently listed at $379,000. This listing's school district is Bangor Public Schools. Nearby schools include Fruit Street School, Mary Snow School and William S. Cohen School. 40 Fern Street is a 2-bed, 2-bath, 1,968 sqft multi-family home built in 1880.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome Experience

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.