328 Fourth StreetOld Town, ME 04468MLS Number 1573209

Discover the allure of this 1880s Cape that effortlessly marries historic charm with modern convenience. With 4 bedrooms, 1.5 baths, an open kitchen, and numerous amenities, this property beckons for your attention. As you step inside, you're welcomed by the kitchen, which is the heart of this home, featuring an open layout and a large butcher block island, a focal point for cooking, dining, and socializing. Ample parking and storage space offer flexibility for a variety of uses. For the past two decades, this property has served as a steady income source, housing college students since 2005. With the lease set to expire in June 2024, you have the option to maintain this lucrative rental venture or restore the home into an efficient single-family dwelling. Recent updates include new windows, ensuring energy efficiency and a bright atmosphere. The addition of vinyl siding enhances the home's curb appeal while minimizing maintenance. The electrical system has been modernized with circuit breakers and a brand-new electric water heater added in 2023. A solid foundation and dry basement offer practical advantages for any homeowner. While the house boasts its historic appeal, some cosmetic updates can further elevate its aesthetic. However, the property is completely functional and provides a comfortable living environment as it stands. Location is key, and this home is ideally situated within walking distance of local restaurants, parks, entertainment, and other amenities, making it an excellent choice for both tenants and owner-occupants. Don't miss the opportunity to own a piece of history and invest in a home with incredible potential. Whether you intend to continue renting or want to transform it into your ideal family residence, this property has it all.