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A unique property with endless possibilities: 4 luxury apartments in downtown Bar Harbor with garage and 10,000 sq. ft. of off street parking. The ability to rent seasonally or year round makes this property flexible in any market and could even be converted to condos with minimal effort. Currently rented seasonally as a luxury 8 bedroom, 8/2 bath home with a separate 3 bedroom/3 bath owner's apartment over the 5 car garage. This property has income potential of well over $100,000/year. Each floor has its own front and back entrance, full kitchen, laundry, living and dining area. Originally built in 1904 it has been expanded ,renovated and updated until 2019, and is in like new condition. All mechanical is new, featuring LP boilers, on demand water heaters and 16 heat pumps/AC units. These systems, along with modern windows and insulation ensure comfortable, economical living year round. Location is close to all in town amenities and all that Acadia National Park offers. Perfect for family reunions, weddings and other event based lodging. Definitely a must see for the discerning buyer or investor. Please view the virtual on line tour.

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Listed by Compass Point Real Estate, Inc.

Listing Sold by Compass Point Real Estate, Inc.

Property Details of 123 -125 Cottage Street

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Acadia Realty Group participates in ©2021 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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