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Property view

1646 Branch Road, 
Wells, ME 04090

$800,000


Bed


4

Baths


3,168

Sq Ft


Multi-Family

Sold

Listed by

Anchor Real Estate

Bought with River's Edge Realty LLC

Anchor Real Estate

MLS#

1602381

Source:

ME MREIS

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About This Home

1646 Branch Road

Discover a unique investment opportunity at 1646 Branch Road in Wells. This legal fourplex is a rare find in the Wells Branch area. Conveniently located just minutes from downtown Kennebunk and everything the Town of Wells has to offer, including shopping, restaurants, schools, and beautiful beaches, this property is perfectly situated for both residents and investors alike. Spanning a total of 3,168 sq. ft., this well-maintained building is divided into four equivalent units, each offering 2 bedrooms and 1 full bath. Each unit comes equipped with its own gas/K-1 (depending on the unit) and electrical meter, serviced by Kennebunk Light & Power, ensuring individual utility management. Additionally, the property features private water and a sewer system with two 1500-gallon tanks. Situated on a private 1-acre lot that abuts land owned by the KK&W Water District, this property offers a tranquil setting with plenty of privacy. There is ample off-street parking and a substantial backyard for tenants and guests to enjoy. Whether you're looking for an owner-occupied residence with rental income potential or a solid investment property, this is a truly unique offering in this area. Each unit is move-in ready, complete with a refrigerator and range. Units A & B feature kerosene monitor heaters and supplemental electric baseboard, while Units C & D are equipped with newer propane Rinnai heaters and supplemental electric baseboard. Upgrades include the flooring in most units, some paint, and the building has been upgraded to vinyl siding for easy maintenance. The current owner has also made improvements to the exterior façade to improve curb appeal. With rents currently below market value, there is significant room for growth, making this an attractive option for investors looking to maximize their return. Contact us today to schedule a viewing and explore the potential of 1646 Branch Road! Showings begin at open house on Saturday, September 7th - 11 AM to 1 PM.

Home Facts

Multi-Family

4 Baths

Built in 1974

Price Summary

749,900

$236 per Sq. Ft.

MLS #:

1602381

Sold:

October 4, 2024


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,168 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial, Split Entry

Building Area:

3,168 Sq. Ft.

Year Built:

1974


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$749,900

Price per Sq. Ft:

$236 per Sq. Ft.

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