235 Bates Street

Millinocket, ME 04462

$219,900
Price
6
Beds
3
Baths
1
1/2 Bath
3,485 Sq. Ft.
$63 / Sq. Ft.
3,485
Sq. Ft.
$63
per Sq. Ft.
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Description

9.4% CAP Rate at only 75% occupancy! Three immaculate residential units with attached Retail/Commercial space. The Katahdin House is a multi-use building ideally situated along the Baxter State Park southern access road and boasts 3, 2 & 1 bedroom apartments that are currently leased or avail, as well as, a currently available 1025 sq. ft. attached commercial or retail space. The fully furnished residential units have also previously been used as short term rentals via Airbnb with extra bedding and...9.4% CAP Rate at only 75% occupancy! Three immaculate residential units with attached Retail/Commercial space. The Katahdin House is a multi-use building ideally situated along the Baxter State Park southern access road and boasts 3, 2 & 1 bedroom apartments that are currently leased or avail, as well as, a currently available 1025 sq. ft. attached commercial or retail space. The fully furnished residential units have also previously been used as short term rentals via Airbnb with extra bedding and linens included for potential future AirBnb rentals. Top floor fully furnished 3 bedroom unit is 1,300 sq. ft., full bath, spacious kitchen, and living room. Fully covered stairwell provides access with amply sized landing before entering by large closet with full hook ups for a W/D. Ground floor fully and tastefully furnished 1 bedroom and unfurnished 2 bedroom units with full baths are accessed via a common space vestibule. Attached 1,025 sq. ft. commercial or retail space with unfinished half bath has existing built-in counter space and moveable showcase. 18' high signpost is ready for the new business' signage. The property sits at the edge of town and highly visible along the Katahdin Woods Scenic Byway and gateway to Baxter S. P., the Debsconeag Wilderness Area, West Branch of the Penobscot River, Pemadumcook lakes and the Allagash Wilderness. The location is also a short drive to the newly established KW&W National Monument and town amenities are just minutes away. Recreational enthusiasts and Artists are year-round visitors here and pass by this highly visible location toward their destinations. Hikers, fisherman, campers, boaters, white water adventurers, nature lovers, cyclists and snowmobilers all flock here. Excellent opportunity to start your own business or, relocate an existing one to a tranquil area while occupying one of the units or, as an investment property within a revitalized community. ATV and snowmobile access right from your own front door
  1. Listed by Alan Staples • Acres Away, Inc.

Property Details for 235 Bates Street

Waterfront
Yes
Waterfront Features
Brook
ArchitecturalStyle
Colonial, Multi-Level
Garage
No
Zoning
See Town
View
Mountain(s)
Subdivision Name
No
LISTING UPDATED: 11/24/2024 04:58 PM

Property Details for 235 Bates Street

StatusActive
MLS #1610015
Days on Market2
Taxes$2,995 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1970
Lot Size0.30 AC / 13,068 SF
CountyPenobscot County

Building Information for 235 Bates Street

Stories2Residences4Year Built1970Building Size-Lot Size0.30 AC / 13,068 SF

Property Information for 235 Bates Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Water Body Name: Smith Brook
  • Zip Code: 1735
  • Directions: GPS
  • Town: Millinocket
  • State/Province: ME
  • Zip Code: 04462
  • County: Penobscot
  • Geo Latitude: 45.666868
  • Geo Longitude: -68.71883
  • Tax Lot: 51
  • Site:Level: Yes
  • Location:Intown: Yes
  • Water Info:Waterfront Amount +: 130.00
  • Water Info:Water Frontage Owned: 130.00
  • Water Info:Water Frontage Shared: .00
  • Source of Water Frontage:Public Records: Yes
  • Recreational Water:River/Brook/Stream: Yes
Parking
  • Parking Features: 11 - 20 Spaces, Paved, On Site
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 13989
  • Tax Map Number: U1
  • Tax Year: 2024
  • Parcel Number: MLNK-000001-000000-000051U
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $2,995.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: Millinocket Public Schools
Property
Green Features
  • Energy Efficiency:Ceiling Fans: Yes
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Off Heating System: Yes
  • Water Heater:Tank: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 3485.0
  • Lot Size Acres: 0.3
  • Source of Acreage: Public Records
  • Building Area Total: 3485.0
  • Lot Size Area: 0.3
  • Lot Size Units: Acres
  • Lot Size Square Feet: 13068.0
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Street Number: 235
  • Property Information:Surveyed: Unknown
  • 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: All
  • 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: 1.00
  • Property Information:Color: White
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1970
Utilities
  • Electric: True
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Composition, Masonry, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Pitched, Shingle
  • Other Structures: Shed(s)
Interior Features
  • Basement: Not Applicable
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Features: Furniture Included, Bathtub, Shower
  • Cooling: A/C Units
  • Heating: Baseboard
  • Foundation Details: Slab
  • Accessibility Features: 32 - 36 Inch Doors
  • # Floors: 2
  • Bathrooms Total (Integer): 4
  • Bathrooms Total (Decimal): 3.50
  • Bathrooms Total (Notational): 3.10
  • Cooling YN: Yes
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $33,000.00
  • Operating Expenses: $12,244.47
Multi-Family Information
  • Number of Units: 4
  • Building Info:# Stories: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: Second
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,100.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 6.00
  • Unit 1:# of Bedrooms: 3.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • 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: $800.00
  • 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: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: First
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $850.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 3.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: Yes
  • Unit 3:Electric: No
  • Unit 3:Heat: No
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: First
  • Unit 4:Security Deposit: No
  • Unit 4:Monthly Rent: $.00
  • Unit 4:# Full Baths: .00
  • Unit 4:# Half Baths: 1.00
  • Unit 4:# of Rooms: 1.00
  • Unit 4:# of Bedrooms: .00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: No
  • Unit 4:Heat: No
  • Unit 4:Range: No
  • Unit 4:Refrigerator: No
  • Unit 4:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 1
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 1

Property History for 235 Bates 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 235 Bates Street

Taxable ValueLand$7,000Additions$101,500Total$108,500
Tax Record2024$2,995 ($250 / month)
Home Facts
Lot Size13,068 SqFtZoning0CountyPENOBSCOTAPNMLNK M:U01 L:051

Schools near 235 Bates Street

This home is within Millinocket Public Schools.
Rating
School
Type
Grades
Distance
Granite Street School
Public - PK to 5
Stearns High School
Public - 6 to 12
Rating
School
Distance
Granite Street School
PublicPK to 5

Stearns High School
Public6 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.

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More information about 235 Bates Street, Millinocket, ME 04462

235 Bates Street is a multi-family home for sale in Millinocket, ME 04462. This property was listed for sale on November 19, 2024 by Acres Away, Inc., it's currently listed at $219,900. This listing's school district is Millinocket Public Schools. Nearby schools include Granite Street School and Stearns High School. 235 Bates Street is a 6-bed, 3.5-bath, 3,485 sqft multi-family home built in 1970.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Acres Away, Inc.

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.