31 Kelsey St Waterville, ME 04901

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.