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671-675 Forest Avenue

Portland, ME 04103
  • $1,595,000
  • STATUS: Active
  • MLS #: 1581920
UPDATED: 10 min ago
$1,595,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 7,446
    SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

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Description

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 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.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-02-24T11:50:59.367.
www.thenewenglandreco.com/homes/147432330
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671-675 Forest Avenue Portland, ME 04103

  • Price: $1,595,000
  • Status: Active
  • On Site: Days
  • Updated: 10 min ago
  • MLS #: 1581920
0
Beds
5
Baths
0
½ Baths
0.12
Acres
7,446
SQFT
$214
$/SQFT
1910
Built
County:
Cumberland
Area:
Portland
Property Description
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 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.
Exterior Features

Architectural Style Multi-Level Attached Garage YN No Construction Materials Brick VeneerBrickMasonry Foundation Details BlockConcrete Perimeter Garage YN No Lot Features LevelOpen LotSidewalksIntownNear Golf CourseNear ShoppingNear Turnpike/InterstateNear Public Transit Parking Features 1 - 4 SpacesPavedCommonOff Street Road Surface Type Paved Roof FlatOther Water View No Waterfront YN No

Interior Features

Above Grade Finished Area 7446 Basement FullInterior EntryWalk-Out AccessUnfinished Below Grade Finished Area 0 Carpet Floors YN Yes Cooling None Cooling YN No Flooring VinylTileCarpet Heating Hot WaterBaseboard Heating YN Yes Tile Floors YN Yes

Property Features

Association YN No Electric Circuit Breakers Gross Income 167112 Heat Fuel Oil YN Yes Land Lease YN No Operating Expense 33452 Property Seasonal No Sewer Public Sewer Tax Annual Amount 16448 Tax Year 2023 Utilities Utilities On Water Source Public Zoning B2B

Maine Real Estate Information Systems logo Listing provided courtesy of Maine Real Estate Co: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-02-24T11:50:59.367.
 
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