$1,499,000
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… Read More 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. Read Less
Courtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
1
Last Updated
Full Baths
8
Square Ft.
7,446
Lot Size
0.12 Acres
Year Built
1910
MLS Number
1650249
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Finished", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 7,446, Construction Materials: "Brick Veneer", "Brick", "Masonry", Number Of Units Total: 8, Year Built: 1910
Cooling
Cooling: "None"
Expenses
Operating Expense: $34,519
Floors
Flooring: "Vinyl", "Tile", "Carpet"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $145,308
Lot
Features: "Open", "Level", "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", "On Site", "Off Street", "On Street"
Property
Parcel Number: PTLD-000129-L000002-000001, Zoning: B2B
Roof
Roof: "Flat", "Other"
Security Features
Features: "Sprinkler", "Fire System"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $15,028, 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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