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Search Land - 44 Memory Lane Arundel ME 04046

44 Memory Lane Arundel ME 04046

$419,000
44 Memory Lane, Arundel, ME
Status: Active
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Property Type
N/A
Acreage
7.83 acres
County
York, ME
Format
Sale
Features
N/A
List Date
Nov 8, 2024
Documents
N/A
Description
Explore the incredible potential of this 2-unit duplex on a sprawling 7.83-acre lot! Each unit features 2 bedrooms and 1 bathroom, with separate utilities for seamless managementâideal for rental income, multigenerational living, or investment purposes. The large lot not only provides privacy and ample space but also offers the opportunity to subdivide, creating an additional lot that could yield an estimated $100,000 in profit. With spacious living areas and functional layouts in each unit, this duplex provides comfort and convenience for tenants or family members alike. The expansive land invites outdoor activities, future development, or even expansion possibilities. This property combines immediate rental income potential with the added benefit of land value appreciation and development. Selling at a 10.4% cap rate with the option to subdivide the lot offers tremendous investment potential!
Listing Agent
Alan Thach
Keller Williams Realty
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