17 Willett Street

Residential and Garage Investment Opportunity in Biddeford

17 Willett Street offers multiple income streams through two residential apartments and six oversized garage bays. Each 2-bedroom, 1-bath apartment provides more than 900 square feet of living space, while the garage bays are currently leased separately to provide an additional source of income.

Low-maintenance vinyl siding, new windows and exterior doors installed in 2019, off-street parking, and separate garage access contribute to practical ownership and management.

Conveniently located just minutes from Downtown Biddeford, the property provides access to restaurants, breweries, shops, parks, businesses, the Maine Turnpike, Amtrak, and nearby coastal destinations.

The property may be purchased individually or together with the adjoining property at 20 Vincent Avenue, creating a combined investment offering with six residential units, six oversized garage bays, shared parking, and multiple income streams.

A Rare Opportunity in Biddeford

Two Properties. One Investment.

Acquire 17 Willett Street together with the adjoining property at 20 Vincent Avenue to create a diversified multifamily investment with residential and garage rental income.

The adjoining properties may be operated under their current income structures or evaluated for future leasing, parking, and management strategies. Their complementary uses create flexibility for a variety of investment plans.

Diversified Income Within One Property

With two residential apartments and six separately leased garage bays, 17 Willett Street offers income from two distinct property uses. The combination provides flexibility for investors seeking both residential rental income and garage or storage income.

Two Spacious Residential Apartments

The property includes two 2-bedroom, 1-bath apartments, each offering more than 900 square feet of living space.

The apartments are positioned above the garage bays, creating separation between the residential and garage portions of the building while maintaining both uses within one property.

The consistent apartment configuration may support streamlined leasing and management while providing two residential income streams.

Six Oversized Garage Bays

Six oversized garage bays are located beneath the residential apartments and are currently leased separately, providing an additional income stream beyond the residential units.

The bays may accommodate a variety of permitted uses, including vehicle parking, equipment storage, contractor storage, workshop space, or hobby-related storage.

Separate garage entrances allow each bay to function independently and contribute to the practical operation of the property.

Low-Maintenance Exterior Improvements

Vinyl siding contributes to a low-maintenance exterior, while windows and exterior doors were replaced in 2019.

These improvements support the property's practical design and may help reduce near-term exterior maintenance considerations.

Buyers should independently review all improvement records, permits, warranties, and supporting documentation as part of their due diligence.

Purchase Individually or as a Combined Investment

Combined Property Overview

The properties are being marketed separately and may also be purchased together. Buyers should inquire for additional information regarding the combined offering.

Minutes from Downtown Biddeford

17 Willett Street is located near Downtown Biddeford's restaurants, breweries, shops, businesses, parks, and everyday amenities.

The historic downtown and mill district include a growing mix of local businesses, dining destinations, creative spaces, professional services, residences, and community gathering places.

The property also offers convenient access to the Maine Turnpike, Amtrak, neighboring communities, employment centers, and destinations along the Southern Maine coast.

Nearby Amenities and Destinations

Evaluating the Investment

Prospective buyers should independently review all residential and garage rental agreements, occupancy information, rental amounts, security deposits, payment histories, utility responsibilities, operating expenses, maintenance records, and other financial documents associated with the property.

Buyers should also verify permitted uses for the garage bays, occupancy requirements, parking arrangements, fire and life safety requirements, building code compliance, parcel boundaries, and any proposed changes with the City of Biddeford and other applicable authorities.

All measurements, property details, financial information, and future investment possibilities should be independently verified by the buyer as part of their due diligence.