218 Grove Street, Bangor, ME 04401 - Penobscot County

CALLING ALL INVESTORS - Renovate, Build or BOTH! This rare double-lot (100 x 123) property in Bangor offers a multitude of opportunities! Bangor Code Enforcement says this property has potential to be divided into two lots, which would offer the possibility to build up to 4 residential units (2 per lot), making this an ideal investment or development project. A full survey is available, so you'll be off to a good start for the planning and approval process. The existing 3-bedroom, 1-bath Cape-style home is being sold in ''as-is'' condition and is ready for you to bring your vision and contractors. Renovate it to restore the vintage charm and enjoy the expansive yard with room to add a garage and/or accessory dwelling unit. Or simply tear it down to create a blank slate for a new project. Located in the sought after and convenient ''Tree Streets'' neighborhood, you'll have the advantage of a prime location near shopping, hospitals, parks, and schools. This is a unique opportunity for a savvy investor. Due to the repairs needed, this home will not meet minimum requirements for most mortgage loans.

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