Exceptional opportunity to own an income-producing property just minutes from downtown Bridgton. The property features a spacious owner-occupied double-wide home along with three additional tenant-occupied manufactured homes, offering immediate rental income and long-term investment potential.The main home is designed for comfortable living with an open floor plan centered around a chef's kitchen featuring a large center island, abundant cabinetry, and a generous walk-in pantry. Primary has en-suite and large walk in closet. An expansive mudroom/drop zone with an oversized laundry area provides exceptional everyday convenience, while the wood stove adds warmth and charm. Step outside to a large rear deck overlooking a beautifully maintained backyard oasis--an ideal setting for relaxing or entertaining.The three rental homes provide established income, with long-term tenants reflecting the desirability of the property. One tenant has resided there for 28 years, another for 7 years, and the newest for nearly a year.Adding to the property's appeal, one of the manufactured homes is situated across the road on a well-maintained parcel that may offer future subdivision potential. Buyers are encouraged to verify subdivision possibilities and permitted uses with the Town of Bridgton. Preliminary discussions with the town's Code Enforcement Office indicate it may be feasible, but buyers should perform their own due diligence.Whether you're looking to offset your mortgage, build wealth through rental income, or expand your investment portfolio, this versatile property offers a rare opportunity close to downtown Bridgton, lakes, skiing, shopping, and local dining.
Listed By
Agency Name: Portside Real Estate Group
Agency Phone: 207-619-7571
Shown By
Agent Name: Earle Kenney
Agent Phone: (207) 242-7636
Agency Title: Sprague and Curtis Real Estate
Estimated Payment
$ 1,517.73 per month $1,224.06 Principal & Interest $133.25 Property Tax $160.42 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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1 Martel Lane Lane | MLS# 1671038
This single family home located at 1 Martel Lane Lane , Bridgton, ME 04009 is currently listed for sale with an asking price of $550,000. This property was built in 2022 and has 3 bedrooms and 2 full baths with 1560 sq. ft. Martel Lane Lane is located within the RSU 61-MSAD 61 school district. Search Bridgton real estate on ekenney.spragueandcurtis.com today.