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OFF-MARKET
Investment properties

2 Merrill Brk Ln Howland, ME 04448

1,750 SF 3 ac lot Built 2004
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a thriving turnkey cabin rental business in Howland, Maine. The property features three Amish-built cabins, each contributing to a highly successful year-round operation. Boasting a total of 1,750 square feet, these cabins are situated on a picturesque 3-acre lot with over 600 feet of frontage on the 100-foot-wide Merrill Brook. The property also includes an RV lot or campsite, further enhancing its income potential. The location provides unparalleled access to outdoor recreation, including fishing, boating, hunting, 4-wheeling, and snowmobiling, with hundreds of miles of trails readily available. The cabins' proximity to a boat launch on the Penobscot River adds significant appeal. Conveniently located within a 30-minute drive of Bangor and a 45-minute drive from Greenville and Baxter State Park, this property benefits from its proximity to numerous lakes and a high volume of repeat clientele drawn to the area's abundant recreational opportunities. The property is listed at $399,000. Note that the room count and total square footage encompass all three cabins. A separate lodge with approximately 1.5 acres and 300 feet of waterfront is available for purchase separately, but is not currently on the market. The cabins can also be purchased without the RV lot (MLS 1568319).

Property profile
Verified
Property type Investment properties
Year built 2004
Total area 1,750 SF
Lot 3 ac (130,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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