BATHS3 full
SQUARE FEET3,971
MLS#1677065
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Unfinished
Garage: 1
Heating: Gas Natural, Direct Vent Furnace, Forced Air
Home Style: Other
Lot Size: 1.41 Acres
Roof Type: Metal, Shingle
Taxes: $12,561
Year Built: 1860
Feature Descriptions
Electric: Circuit Breakers
Equipment: Cable, Internet Access Available
Exterior: Wood Frame, Clapboard, Vinyl Siding
Flooring: Tile, Wood
Lot: Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded, Near Public Transit
Parking: Paved,5 - 10 Spaces, On Site, On Street, Detached
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Trees/Woods
SQ FT Above Grade: 3971
SQ FT Below Grade: 0
Water: Public
Wooded: Yes
Listed By / Shown By
Listed By
Agency Name: RE/MAX By The Bay
Agent Name: David Banks
Agency Phone: 207-773-2345
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,822.60 per month $3,338.35 Principal & Interest $1,046.75 Property Tax $437.50 Homeowner's Insurance
103 Read Street | MLS# 1677065
This multi-family property located at 103 Read Street, Portland, ME 04103 is currently listed for sale with an asking price of $1,500,000. Search Portland real estate on www.masiellogrouprealestate.com today.