179 Covell Rd, Fairfield, ME 04937

Property Description

Attention investors! Looking for your next income-producing property, renovation project, or investment opportunity? This historic two-family property in Fairfield offers plenty of potential, with both units currently vacant and ready for their next chapter! Dating back to approximately 1790, this antique Cape is believed to be one of Fairfield's oldest surviving homes. Rich in history and full of character, this property offers an opportunity for investors looking to add value and build equity. Since being listed earlier this year, the property has undergone several major improvements, including a brand-new 5-bedroom septic system, a new deck, new windows and doors, and an updated downstairs bathroom! The main unit features a large kitchen with ample cabinet space, a separate dining room, a cozy living room with a wood stove, and a spacious family room with built-in shelving. A first-floor bedroom and full bathroom complete the main level. Upstairs, you'll find two additional bedrooms and another full bathroom. The second unit features two generously sized bedrooms and a full bathroom, offering additional rental income potential. Both units are vacant, giving the next owner flexibility to complete renovations, establish rental rates, and select tenants without existing leases. Situated on 2.1 surveyed acres, the property also features a large three-car garage, a paved driveway, and an in-ground swimming pool that has not been used in many years. Beautiful hardwood floors throughout much of the home add to its historic charm. Looking for more land? This property is also available with a total of 8 acres for $365,000! With several major improvements already completed, this property offers an opportunity to finish updating the home and maximize its potential. Whether you're looking to expand your rental portfolio, renovate and resell, or live in one unit while renting the other, the possibilities are endless!