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5 Collette Street, Waterville, ME, 04901

4beds
3baths
1,904sqft
$185,000
$97price/sqft
$1,595/moest. monthly cost
$63,800/yrincome needed

About This Home

Excellent Investment Opportunity - Two-Unit Property with Strong Potential This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights: Two separate units with strong income potential Convenient neighborhood setting with easy access to amenities Off-street parking Flexible floor plans offering renovation and customization opportunities Priced to reflect needed improvements This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
Albert S Hall SchoolGrades 4-51.0 mi
5/10
4/10

Construction

Condition

  • Year built: 1947

Materials

  • Foundation: Poured Concrete
  • Roof: Shingle
  • Construction materials: Wood Frame,Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Walk-Out Access,Finished,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,904

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,904
  • Total interior livable area: 1,904 sqft

Property

Details

  • Parcel number: WAVLM038B022
  • Zoning: Residential

Features

  • Levels: Multi/Split

Lot

  • Lot size: 6,098 sqft
  • Features: City Lot,Near Country Club,Near Golf Course,Near Turnpike/Interstate,Neighborhood,Other

Parking

  • Total spaces: 2
  • Parking features: Paved,1 - 4 Spaces,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2