31 Kelsey ST, Waterville, ME 04901
31 Kelsey ST, Waterville, ME 04901
31 Kelsey ST, Waterville, ME 04901
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Listed by Colleen Maguire Portside Real Estate Group
$249,000
Est. payment /mo
5 Beds
2 Baths
2,081 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,081 sqft

Price per Sqft $119

MLS Listing ID 1673655

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1886

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Single Family Residence

Source Maine Listings

Land Area 2081

Property Description

Much of the heavy lifting at 31 Kelsey Street is already done - new heating system, new electrical panel, updated plumbing, and sheetrock throughout. The current owner has taken this project as far as they can and is passing the opportunity along at a price that reflects the work remaining.

Three floors provide 3-4 bedrooms, 2 baths, a den, family room, and dedicated laundry. Currently configured as a single-family, the layout lends itself easily to a two-unit conversion for an investor looking to maximize return.

Basement stabilization is needed and contractor quotes are in hand, so you can underwrite this one with real numbers rather than guesswork. The transition and barn are at the end of their life and priced as teardowns (seller has quote) - they've been deliberately left standing so the grandfathered footprint remains available to a purchaser who wants to build back or expand into that space.

This is a project, not a flip-and-list weekend. But for a developer or investor with a crew and a plan, the math here is hard to beat. Sold as-is.

Location

State ME

County Kennebec

Zoning RC

Rooms

Basement Bulkhead, Brick/Mortar

Interior

Heating Electric, Gas Natural, Oil, Hot Water

Cooling None

Flooring Carpet, Laminate, Vinyl, Wood, Hardwood

Fireplaces Number 1

Fireplace Yes

Laundry Main Level

Exterior

Parking Features Gravel, Other, Paved, 1 - 4 Spaces

Roof Type Shingle

Garage No

Building

Lot Description Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot

Entry Level Multi-Level

Foundation Brick/Mortar

Water Public

Architectural Style New Englander, Other

Others

Tax ID WAVL-000057-000000-000140


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