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$199,900
Listing Price5beds
1baths
1,365sqft
3,485sqft lot
42 Island Ave, Orono, ME 04473
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Full foreclosure details
Home value, equity and ownership info
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For Sale
New Listing
Off Market
Home type
Price / sqft
Year built
Home Details
Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.
Interior Details
1365
5
1
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Oil
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
3485
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Conventional
Aluminum/vinyl
N/A
Gable
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$2,341
$20,700
$67,800
--%
$88,500
2018
$2,390
$20,700
$67,800
--%
$88,500
2017
$2,301
$20,700
$67,800
--%
$88,500
2016
$2,199
$20,700
$67,800
--%
$88,500
2015
$2,159
$20,700
$67,800
--%
$88,500
2013
$2,053
$20,700
$67,800
--%
$88,500
2012
$1,912
$20,700
$67,800
--%
$88,500
Average Home Price in 04473
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