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Multi-FamilyMEPortland04103671-675 Forest Avenue, Portland, ME, 04103

671-675 Forest Avenue, Portland, ME, 04103

671-675 Forest Avenue, Portland, ME, 04103
9 baths
$1,499,000
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Basics

  • Date added: Added 4 weeks ago
  • Category:
  • Status:
  • Bathrooms: 9
  • Lot size: 0.12 sq ft
  • Year built: 1910
  • Bathrooms Full: 8
  • Lot Size Acres: 0.12 acres
  • Zoning: B2B
  • County: Cumberland
  • MLS ID: 1650249

Description

  • Description:

    INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with one street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms.Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property. The full finished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience for the retail unit.

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Location

Building Details

  • Building Area Total: 7446 sq ft
  • Number Of Units Total: 9
  • Construction Materials: Brick Veneer, Brick, Masonry
  • Architectural Style: Other
  • Sewer: Public Sewer
  • Heating: Hot Water, Baseboard
  • Stories: 2
  • Roof: Flat, Other
  • Basement: , , , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Vinyl, Tile, Carpet
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Off Street, On Street
  • Garage Spaces: 0
  • WaterSource: Public
  • Lot Features: Open, Level, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • Cooling: None

Fees & Taxes

  • Gross Income: $145,308

Miscellaneous

  • Road Surface Type: Paved

Courtesy of

  • List Office Name: Maine Real Estate Co

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Office: 207-942-6310

458 Main Street
Bangor, ME
LICENSE #BA928013
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