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Bean Group
Offered at $179,900Active
beds
—
baths
2
sq ft
1,838
Built
1910

63 Summer Street

Waterville, ME 04901

About this home

Investor? Homeowner? You could be one - or both! In a market where everyone is worried about interest rates, this home offers the perfect financial advantage: it has the proven ability to pay for itself. This charming and well maintained, in-town, two-unit will provide you the opportunity to be a homeowner, and to start your investment portfolio, if you choose to. Or make a worthy addition to your current one. This home has two separate, 2-bedroom, 1-bath units. The first-floor unit has been renovated, providing a spacious and updated bathroom, a modern kitchen with new stainless-steel appliances and heat pumps for efficient cooling and heating. The second unit can also be used as an executive home office, an in-law suite, or let your tenant build your equity for you. The home has a new roof, and a full basement with both interior and walk-out access. Use this area as your personal workshop, storage space, or creative studio. Fittingly, you will have plenty of paved, off-street parking available for you and your tenants. Conveniently located with easy access to I-95, this corner lot is just a short walk to and from downtown Waterville's shops, bars, and restaurants. Going in the other direction... enjoy a walk through a quiet, friendly neighborhood. This is your chance to own an asset; and for the savvy buyer, think bigger. After two years, your documented rental income from this property can be used to help you secure your next investment. Don't just buy a house-invest in a smarter future. Schedule your private showing today and see what it feels like to own the house that pays you back. Investors: Fully rented and ready to start generating income from day one. Homeowners: Live in the spacious downstairs unit, let your tenant build your equity for you.

Listing last checked: Listing updated:

Listed by Listing Agent · Coldwell Banker Plourde Real Estate · MLS #1653113

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Details at a glance

Interior4 property facts
Heating
Electric, Oil, Baseboard, Heat Pump, Hot Water
Cooling
Heat Pump
Flooring
Laminate, Vinyl
Fireplaces
0
Building4 property facts
Style
Other
Year built
1910
Foundation
Brick/Mortar
Roof
Shingle
Land & utilities4 property facts
Lot size
0.18 acres
Water
Public
Sewer
Public Sewer
Zoning
Residential
Financial2 property facts
Annual taxes
$3,048
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $179,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,164 / monthAdjust
Principal & interest
$910
Property tax
$254
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,048. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 63 Summer Street

Can I request a private showing?

Request a tour of 63 Summer Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.