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About the Listing 1126 - 008557,025136
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.
Listing Highlights for 42 Island Ave
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full / 1 Half
- Appliances: Dryer, Electric Range, Refrigerator, Washer
- Air Cond: Heat Pump
- Heating: Electric,Oil,Forced Air
- Fireplaces: 0
- Floor: Laminate,Vinyl,Wood
- Above Ground Sq Ft: 1365
- Basement: Interior Entry,Dirt Floor,Full,Unfinished
- Other: 1st Floor Bedroom,Bathtub,Shower
- Water: Public
Exterior Details
- Lot Description: Intown,Near Country Club,Near Golf Course,Near Turnpike/Interstate,Near Town,Open Lot
- Garage Capacity: N/A
- Zoning: MDR
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,1 - 4 Spaces
Financial Details
- Tax Amount: $3,154
- Taxes w/Assessments: N/A
- Tax/Property ID: ORON-027004-000000-000089
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
42 Island Ave Orono, ME 04473
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