$1,595,000
2 retail & 5 residential units in a prime 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 two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the… Read More second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. 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. Read Less
Courtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
99
Last Updated
May 18, 2024
Full Baths
5
Square Ft.
7,446
Lot Size
0.12 Acres
Year Built
1910
MLS Number
1581920
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Full", "Interior Entry", "Walk-Out Access", "Unfinished"
Building
Architectural Style: "Multi-Level", Building Area Total: 7,446, Construction Materials: "Brick Veneer", "Brick", "Masonry", Number Of Units Total: 5, Year Built: 1910
Cooling
Cooling: "None"
Expenses
Operating Expense: $33,452
Floors
Flooring: "Vinyl", "Tile", "Carpet"
Foundation
Foundation Details: "Block", "Concrete Perimeter"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $167,112
Lot
Features: "Level", "Open Lot", "Sidewalks", "Intown", "Near Golf Course", "Near Shopping", "Near Turnpike/Interstate", "Near Public Transit", 0.12 acres, Area: 0.12, 5,227 square feet
Parking
Features: "1 - 4 Spaces", "Paved", "Common", "Off Street"
Property
Parcel Number: 671675ForestAvePortland04103, Zoning: B2B
Roof
Roof: "Flat", "Other"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $16,448, Tax Lot: L002
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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