BATHS8 full 1 partial
SQUARE FEET7,446
MLS#1650249
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry, Walk-Out Access, Finished, Full, Unfinished
Basement: Yes
Heating: Oil, Baseboard, Hot Water
Home Style: Other
Lot Size: 0.12 Acres
Roof Type: Flat, Other
Taxes: $15,028
Year Built: 1910
Feature Descriptions
Amenities: Sprinkler
Electric: Circuit Breakers
Exterior: Masonry, Brick, Brick Veneer
Flooring: Carpet, Tile, Vinyl
Lot: Business District, Intown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Level, Open Lot, Sidewalks, Near Public Transit
Parking: Common, Paved,1 - 4 Spaces, On Site, Off Street, On Street
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 7446
SQ FT Below Grade: 0
Water: Public
Listed By / Shown By
Listed By
Agency Name: Maine Real Estate Co
Agent Name: Sarem Al-Shawk
Agency Phone: 207-292-1030
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 5,025.67 per month $3,336.12 Principal & Interest $1,252.33 Property Tax $437.21 Homeowner's Insurance
671-675 Forest Avenue | MLS# 1650249
This multi-family property located at 671-675 Forest Avenue, Portland, ME 04103 is currently listed for sale with an asking price of $1,499,000. Search Portland real estate on www.masiellogrouprealestate.com today.