Amazing Investment Opportunity! SIGNIFICANT PRICE IMPROVEMENT - This beautifully maintained and charming 2-unit property in the heart of Milbridge offers established tenants and a strong rental history, both short-term and long-term. This turn-of-the century property still has the original cranberry glass in some of the windows. Numerous updates make this an outstanding opportunity--ideal for investment or owner-occupied living. Both units are mostly furnished, with a detailed list of included items available. Milbridge is a vibrant coastal community featuring a theater, library, medical center, restaurants, grocery store, community garden, and public boat launch--ensuring there's always something to enjoy close to home. Conveniently situated between Ellsworth, Machias, and Winter Harbor, this property is just an hour from Acadia National Park and 1.5 hours from Bangor International Airport. Income and expense information provided to qualified buyers. Upstairs tenant to move out in October, so this would make a great owner-occupied property! See also this Multi-Family Listing MLS #1641254
Single-familyProperty Type
1902Year Built
7,840 sq ftLot Size
$197Price/Sq.Ft.
1 spaceParking
Listed by Stacy White• Better Homes & Gardens Real Estate/The Masiello Group
Amazing Investment Opportunity! SIGNIFICANT PRICE IMPROVEMENT - This beautifully maintained and charming 2-unit property in the heart of Milbridge offers established tenants and a strong rental history, both short-term and long-term. This turn-of-the century property still has the original cranberry glass in some of the windows. Numerous updates make this an outstanding opportunity--ideal for investment or owner-occupied living. Both units are mostly furnished, with a detailed list of included items available. Milbridge is a vibrant coastal community featuring a theater, library, medical center, restaurants, grocery store, community garden, and public boat launch--ensuring there's always something to enjoy close to home. Conveniently situated between Ellsworth, Machias, and Winter Harbor, this property is just an hour from Acadia National Park and 1.5 hours from Bangor International Airport. Income and expense information provided to qualified buyers. Upstairs tenant to move out in October, so this would make a great owner-occupied property! See also this residential listing MLS #1678705.
MREIS #1484782
Mar 18, 2021
Listed
$149,900
$113/sq ft
MREIS #1283415
Sep 22, 2017
Sold
$72,500
$55/sq ft
Sep 20, 2016
Listed
$85,000
$64/sq ft
MREIS #1238549
Sep 22, 2015
Listed
$85,000
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2017
$1,573 (+0.8%)
$32,400 + $61,500
$93,900
2016
$1,561 (−2.2%)
$34,200 + $64,900
$99,100
2015
$1,596 (−1.9%)
$36,000 + $68,300
$104,300
2014
$1,627
$36,000 + $68,300
$104,300
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
0
Unfinished Sq. Ft.
0
Total Sq. Ft.
0
Year built
—
Style
Single Family Residential
County
Washington County
APN
M007L016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 15, 2019.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 85° expected this year, 17 days in 30 years
6/10 Wind Factor
74% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Milbridge, ME • 04658
Average low and high temperatures (°F)
29
13
32
13
42
26
50
35
61
45
70
52
76
60
76
54
71
51
60
42
48
33
35
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8 Cottage St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $174,900 and $590,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $175K to $590K.