• Asking Price See Price
  • Estimated Value: $518,887

  • 4 Beds 2 Baths 1,200 SqFt
  • Single Family Home / Rent To Own

Property Details for PARK St, BOOTHBAY HARBOR, ME 04538




Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Incredible Investment Property! TWO homes on separate lots- next door to each other. The main home is 4 br , 2 BA, two story, classic home with Harbor views and hardwood floors. Sleeps 10! Maine home photos coming Soon!The guest house is 900 sq ft, 2 story , 2 bedroom, newly renovated, Mini Barn! The barn has hardwoods and Brand new furnishings, bedding & everything you need for a high end airbnb rental. Sleeps 4, Custom slipcovered down sofa, Egyptian cotton linens, real linen curtains, fireplace, authentic, original barn door and more ! The barn was completely renovated & turned into a very successful airbnb with 109 reviews and a 5 rating, in 2018. No prior appraisal has included the Mini barn/cottage in the value of the home. All appraisals list only the single 4 BR home. This is the discrepancy in listing price vs appraisal price. Financial records will be provided and show that Expected rental income for the guest house alone will exceed $35,000 per year And if both houses are rented Spring- December, over $100,000 in rental income per year. The property will pay for itself in 5 years! The guest house is the #1 vacation rental in Boothbay Harbor on Airbnb! The main house , with Harbor views, could bring in twice as much income as the guest house. The rentals include a website and all guest house & main house furnishings. Window Ac units in each house- 5 total , 3 are brand new. These are successful Turn key vacation rentals! Owner will turn over and customize the website for you as well any images from social media and airbnb account and rental info. See @baysidebarn on Instagram for pics and more rental info What makes these so popular with renters is their proximity to the harbor. Water views and only a 4 minute walk to the footbridge and harbor and shops/dining. Guests can park and walk everywhere! The Owner is a professional interior designer and has put a lot of love into renovation and decor. The owner invested a lot of time and money into the properties but, has an illness in her family, out of state.

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