Residential Income in Gilead

$699,000

1102 Gilead, 04217, Gilead, ME

Residential Income for sale in Gilead, 1102 Gilead, 04217

1102 Gilead, 04217, Gilead, ME

$699,000

6Bath
Type: Residential Income

Description

The property borders the White Mountain National Forest picnic grounds, offering direct access to roughly 800, 000 acres of public land. A public boat launch on the Androscoggin River sits just across the street, and Sunday River Resort is approximately 20 miles away. The building faces the historic Gilead Train Station, the town office, and the former schoolhouse, with scenic mountain views and an active railroad running through town. Current rents total approximately $6, 775 per month, or $81, 300 annually, with gross potential rent of roughly $8, 000 per month, about $96, 000 per year, once all units are at market. The flexible layout accommodates long-term, mid-term, or short-term rental strategies, subject to local and state regulations. An experienced short-term rental operator has indicated six-figure annual revenue potential with the right setup, and detailed short-term rental market data for the area is available upon request. Skiing, hiking, fishing, paddling, and snowmobiling are all within easy reach, making this a strong fit for both year-round tenants and seasonal visitors. Schedule your private showing today.

Location

1102 Gilead, 04217, Gilead, ME

Data

Object TypeResidential Income
Purchase Price$699,000
Living Space0 m²
Plot Size4046.85 m²
Bathrooms6
Construction Year1989
ConditionNot specified
RoomsN/A

Energy Information

Heating TypePropane, Baseboard, Hot Water, Zoned
Primary Energy SourceN/A
Construction Year1989
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent