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Archived 12 months ago

$749,000

6+ bd 2 ba 2448 sqft

3 Myrtle Avenue, Bar Harbor, ME 04609

Residential Duplex

Current Rent **

N/A

Projected Rent **

$4,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 1224 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 1224 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Bar Harbor Duplex Available

In-Town Duplex with twin side-by-side 3 bed/1 bath units. Each features hardwood floors, a bright and comfortable living room, a bonus room for dining, office, or other uses, and spacious first floor kitchens with backdoor access to a small outdoor space perfect for grilling. The bedrooms and bathrooms (1 full bathroom per unit) are upstairs, and third floor attics provide ample room for additional storage. Aibnb one for appx. $75k/yr, and live in the other as your primary residence (allowable per Town code). Or long-term rent them both for appx. $50k/yr (market estimates). Expenses are around $16k annually prior to Property Management fees. Minor cosmetic updates needed throughout the property.

Location:

3 Myrtle Avenue, Bar Harbor, ME 04609

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.