7 Pleasant Street #6,7,8, Mexico, ME 04257 (MLS # 1647225)

PRICE $185,000 BEDS 0 BATHS 2 HOME SIZE 1,000 sqft LOT SIZE 1.60 ac Request More Info Schedule a Showing

Investment opportunity featuring three parcels at one location: 6, 7, and 8 Pleasant Street. Please do not disturb tenants, this is a dead-end street. Last 200' or so is maintained by owner. 6 Pleasant Street is a vacant lot with no structure currently on it. Some infrastructure is already in place, offering future development potential. 7 Pleasant Street is the larger parcel and includes a 3-bedroom, 1-bath mobile home. The unit is currently rented for $1,150 per month, with the tenant responsible for all utilities except sewer. 8 Pleasant Street features a 2-bedroom, 1-bath mobile home with a Section 8 tenant, also generating $1,150 per month in rent. Rent hits the first of every month. Both tenant have been in place for over a year with no issues and have expressed wanting to stay for years to come. This property offers immediate cash flow with two occupied units that comfortably cover expenses, making it a strong option for both seasoned investors and those looking to enter the rental market. There is additional upside through potential rent increases and the opportunity to add a structure to the third vacant lot, subject to buyer due diligence and local approvals. A solid income-producing property with built-in value-add potential in a convenient location.