ME > Portland
Portland, ME 04103,671-675 Forest AVE
Portland, ME 04103,671-675 Forest AVE
Portland, ME 04103,671-675 Forest AVE
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Paul Rondeau

Paul Rondeau

+1(207) 229-7613
Listed by Maine Real Estate Co
$1,499,000
5 Baths
7,446 SqFt
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UPDATED:

10/24/2024 07:57 PM

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 7,446 sqft

MLS Listing ID 1581920

Style Multi-Level

Full Baths 5

HOA Y/N No

Abv Grd Liv Area 7,446

Originating Board Maine Listings

Year Built 1910

Annual Tax Amount $16,448

Tax Year 2023

Lot Size 5,227 Sqft

Acres 0.12

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.

Location

State ME

County Cumberland

Zoning B2B

Rooms

Basement Full, Interior Entry, Walk-Out Access, Unfinished

Interior

Heating Hot Water, Baseboard

Cooling None

Flooring Vinyl, Tile, Carpet

Exterior

Garage 1 - 4 Spaces, Paved, Common, Off Street

Waterfront No

View Y/N No

Roof Type Flat,Other

Street Surface Paved

Parking Type 1 - 4 Spaces, Paved, Common, Off Street

Garage No

Building

Lot Description Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Multi-Level

Structure Type Brick Veneer,Brick,Masonry

Others

Energy Description Oil

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Maine MLS (MREIS) IDX

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Paul Rondeau

+1(207) 229-7613

Broker Associate | License ID: BA923327

Broker Associate License ID: BA923327

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