About This Home

This 0-bedroom, 2-bathroom residential multi family at 220 Kimball Road in Bridgton, ME is listed for $429,000 ($179 per sqft). Built in 1990, the home offers 2,392 sqft of living space on a 1.00 acres lot.

Key Features

  • Built in 1990
  • 1.00 acre lot
  • 3 stories
  • Waterfront

Property Details

3 stories
2 full
1990

Amenities

Waterfront
Listing Description

Investment opportunity in Bridgton! This move-in ready two-unit property offers two-bedroom apartments, each with its own private entrance and washer and dryer. Unit 1 features 2 bedrooms and 1.5 bathrooms, while Unit 2 offers 2 bedrooms and 1 bathroom.

Situated on a private lot along a public road with no association fees, the property offers plenty of parking and is currently vacant, providing flexibility for an owner-occupant or investor. The advertised gross annual income of $41,040 is based on previous monthly rental rates of $1,845 for Unit 1 and $1,575 for Unit 2, annualized over 12 months.

Both units are currently vacant and are not generating rental income. Tenants are responsible for heat, electricity, trash removal, and shoveling, while the landlord handles driveway plowing. Whether you're looking to live in one unit and rent the other or add a duplex to your investment portfolio, this property offers multiple possibilities.

Monthly Cost Estimate

$2,294/mo

20% down · 6.5% · 30 years

Principal$310
Interest$1,859
Insurance$125

Estimates only. Actual payments may vary.

Location

220 Kimball Road

Bridgton, ME 04009

Features & Amenities

Interior Features

Walk-in ClosetsBathtub

Property Details

Flooring

VinylTile

Construction

Wood Frame Vinyl Siding

Outdoor Features

Deck

Parking

Underground/Basement

Heating

Propane (Heating)Baseboard

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 220 Kimball Road is listed at $429,000 ($179/sqft). The estimated monthly payment is $2,294 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 1.00 acre lot, 3 stories, Waterfront. Interior Features: Walk-in Closets, Bathtub.

This property is listed by Bernadette McIver.

BM

Bernadette McIver

Agent at The Lakes Real Estate

Listed by The Lakes Real Estate · Broker phone: (207) 647-5371 · View on Broker Site · Broker website

MLS# 1681588· Source: Maine Listings· 3 days on PropertySimple

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220 Kimball Road, Bridgton, ME 04009

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