40 Main St, Limerick, ME 04048
- $750,000
- 15
- BA
- 3,410
- SqFt
Listing courtesy of Portside Real Estate Group.
- List Price
- $750,000
- MLS#
- 1674467
- Status
- ACTIVE
- Type
- Multifamily
- City
- Limerick
- County
- York
- Bathrooms
- 15
- Living Area
- 3,410
- Lot Size
- 52,272
- Year Built
- 1859
Property Description
Exceptional income producing property offering multiple revenue streams and outstanding flexibility in York County, Maine. The Jeremiah Mason House is an unique investment opportunity that includes a historic 10-bedroom main residence along with a carriage house converted into three rental units, creating a rare opportunity for investors or owner-occupants seeking both income and long term upside. The property currently generates approximately $138,000 in annual gross revenue through its existing mix of hospitality and rental operations. The carriage house provides diversified rental income, while the expansive main home offers additional opportunities for owner occupancy, expanded lodging, or other residential income uses, subject to needs and applicable approvals. Situated on a beautifully maintained lot with generous outdoor space, mature landscaping, and a charming chicken and duck coop, the property offers amenities that enhance both guest and tenant appeal. Conveniently located approximately 40 minutes from the Maine coast and Portsmouth, New Hampshire, and under and hour to Portland this property benefits from strong regional tourism while also serving long-term housing and rental demand. Whether you're looking to expand your investment portfolio, offset owner occupancy costs with rental income, or maximize the property's existing revenue potential, this is a rare opportunity to acquire a well established, income producing asset with significant room for future growth.
Additional Information
- Living Area
- 3,410
- Electric
- Circuit Breakers, Generator
- Water
- Public, Well
- Basement
- Bulkhead, Interior Entry, Walkout, Full, Unfinished
- Cooling
- Heat Pump, Window/Wall
- Year Built
- 1859
- Acres
- 1.20
- Roof
- Metal, Shingle, Slate
- Foundation
- Granite, Brick/Mortar
- Style
- Greek Revival
- Stories
- 3
- Courtesy Of Listing Office
- Portside Real Estate Group
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