1148-1150 Forest Ave, Portland, ME 04103
- $699,000
- 2
- BA
- 2,136
- SqFt
Listing courtesy of Coastal Pine Real Estate, LLC.
- List Price
- $699,000
- MLS#
- 1681452
- Status
- ACTIVE
- Type
- Multifamily
- City
- Portland
- County
- Cumberland
- Bathrooms
- 2
- Living Area
- 2,136
- Lot Size
- 3,920
- Year Built
- 1930
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!
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Additional Information
- Living Area
- 2,136
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Full, Unfinished
- Cooling
- None
- Year Built
- 1930
- Acres
- 0.09
- Roof
- Shingle
- Foundation
- Stone, Poured Concrete, Brick/Mortar
- Style
- Other
- Courtesy Of Listing Office
- Coastal Pine Real Estate, LLC
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