46 Grace Street PlRockland, ME 04841

This exceptional investment opportunity presents a 3,492 square foot, five-unit property located at 46 Grace Street in Rockland, Maine. Situated on a level 0.24-acre lot, this property offers significant potential for a savvy investor. Currently in need of repairs, the town of Rockland is actively supportive of renovations and working with new owners to bring the property up to code. This presents a unique chance to either restore the existing five-unit structure for immediate rental income, convert it into a more manageable duplex configuration, or even undertake a complete transformation into a grand single-family residence. The property's convenient location within walking distance of downtown Rockland adds to its appeal, offering easy access to local amenities and services. The quiet street provides a peaceful setting, while the level lot offers ample space for outdoor improvements or expansion. The asking price of $200,000 represents a compelling entry point into the Rockland real estate market, offering substantial upside potential for the right buyer. This is a rare chance to acquire a property with significant flexibility and high return potential. Don't miss this opportunity to shape the future of this promising Rockland property.