20 Canal StMachias, ME 04654

This exceptional Machias, ME investment property presents a rare opportunity on 1.91 surveyed acres along the Machias River. The property includes a three-unit apartment building offering diverse income streams. One unit is a two-bedroom apartment on the first floor, another is a two-bedroom apartment on the second floor, and a spacious, completely renovated three-bedroom unit occupies the entire second story, boasting river views. This top-floor unit features brand new appliances, flooring, paint, and vanities, making it immediately rentable. The property also includes a separate former commercial building and a small shed, providing additional space for various uses. Ample parking is available for residents and tenants. The property's flexible zoning is a key advantage, permitting construction within 25 feet of the water's edge, opening doors to a wide range of development possibilities, including additional residential units, cabins, a small hotel, or commercial ventures. The total building size is 1,790 square feet. Annual property taxes are $3,418.62. This unique offering combines immediate rental income with significant long-term development potential in a desirable riverfront location. Don't miss this chance to acquire a property with such versatility and upside.