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1148-1150 Forest Avenue , Portland, ME 04103

$699,000
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New to the Market Active
BATHS2 full SQUARE FEET2,136 MLS#1681452
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking?a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!

1148-1150 Forest Avenue | MLS# 1681452

This multi-family property located at 1148-1150 Forest Avenue , Portland, ME 04103 is currently listed for sale with an asking price of $699,000. Search Portland real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Unfinished
Heating: Oil, Baseboard, Forced Air, Hot Water
Home Style: Other
Lot Size: 0.09 Acres
Roof Type: Shingle
Taxes: $6,608
Year Built: 1930

Feature Descriptions

Amenities: 1st Floor Bedroom, Washer Hookup, Pantry
Electric: Circuit Breakers
Equipment: Cable, Internet Access Available
Exterior: Wood Frame, Vinyl Siding
Flooring: Laminate, Vinyl, Wood
Foundation: Stone, Poured Concrete, Brick/Mortar
Lot: Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks
Parking: Paved,5 - 10 Spaces, Off Street
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 2136
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Coastal Pine Real Estate, LLC
Agent Name: Kathryn Treem
Agency Phone: 207-776-8675

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Estimated Payment

$ 2,310.21 per month $1,555.67 Principal & Interest $550.67 Property Tax $203.88 Homeowner's Insurance

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