The Hiram building with over 5000 sq ft of living space is an affordable housing property helping people transition to more long-term housing. This 16-room boarding house is also welcome to longer term guests. There is an onsite manager that helps maintain the building and place new guest in rooms. Built in placement resources (you could say from local nonprofit agencies instead of naming them all) with Preble St Veterans, The Homeless Shelter, Wabanaki Tribe, Shelter Plus Care, and Community Care help with vacancies. Updates include new lighting in all bedrooms, new subpanel, new back roof shingles, all rooms repainted, new bulkhead, window and soffit repair, 2 new heat zones (updated natural gas furnace). 3 shared bathrooms - one on each floor. Well established operating income - great opportunity for a real estate investor, nonprofit agency or property management company.

More Info

Location Information

Building Number18
StreetFirst Street

Building

BasementBulkhead, Finished, Full, Unfinished
Stories3
Total Units16
Year Built1880
FoundationBrick/Mortar, Stone
Building ConstructionWood Frame
Building FeaturesCable
RoofShingle, Slate

Utilities

Heat SystemRadiator, Steam
Heating FuelGas Natural, Propane
Waste Water DisposalPublic Sewer
WaterPublic
CoolingNone
ElectricCircuit Breakers
GasNatural - At Street, Natural - On Site

Tax Information

Tax Year2,023

Location

StateME
TownBangor
Zip04401
LocationBus Line, Downtown, Near Airport, Near Shopping, Public Transport Access
CountyPenobscot
Map42

Property

Acreage0.21
Sq Ft Finished Total5,090
Leased LandNo

Property Information

Property UsesOther
Zoning OverlayNo

Legal

Taxes$4,778
Zoning15 Multi Fam & Serv
LeasesYes
GrossIncome90276
Operating Expenses31920

Basic Information

List Price$574,900
MLS Number1553316
Address18 First Street
Broker NameRealty of Maine
Modification Date03/17/2023
Agent ID016048
Broker ID2165
MLS StatusActive
Property SubTypeMulti Family

Interior

FloorsCarpet, Laminate, Wood

Exterior

ExteriorWood Siding

Amenities

Other AmenitiesBasement

Photos

Number of Photos11
Last Img Trans Date03/03/2023

Other

Parking Spaces1 - 4 Spaces, Off Street, On Site
View Count1

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Your Questions & Comments I found a listing on "Coldwell Banker American Heritage Real Estate" which you may be interested in:

Philip was totally awesome! We were looking for a summer home to be near the kids, so naturally we live out of state. He helped us find several houses that was in our price range. We started to make an offer on one but out of the blue a house we had been looking at previously, that went off the market was offered to Trulia for a day. Needless to say we jumped on it and made an offer that day and it is now ours. Philip went above and beyond to help us close on it. He handled everything and we are so thankful for having him as our agent. If we ever need an agent Philip will be the first and only agent we will call.

Albert Dennison

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