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REW Lake Rentals & Real Estate
42 Island Ave, Orono, ME 04473
- $199,900
- 5
- BD
- 2
- BA
- 1,365
- SqFt
Listing courtesy of Better Homes & Gardens Real Estate/The Masiello Group. hollytaylor@masiello.com
- List Price
- $199,900
- MLS#
- 1684495
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Orono
- County
- Penobscot
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,365
- Lot Size
- 3,484
- Year Built
- 1917
Property Description
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.
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Additional Information
- Living Area
- 1,365
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Dirt Floor, Full, Unfinished
- Cooling
- Heat Pump
- Year Built
- 1917
- Acres
- 0.08
- Roof
- Shingle
- Style
- Colonial
- Courtesy Of Listing Office
- Better Homes & Gardens Real Estate/The Masiello Group
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Contact: hollytaylor@masiello.com