671-675 Forest AvenuePortland, ME 04103MLS Number 1581920

Price: $1,499,000
Est. Mortgage of $/month
216 Days on Market

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.

More Info

Basic Information

Documents Available Deed Public Access, Lead Paint Addendum Public Access, Property Disclosure Public Access
Gross Income $167,112

Basic Information

Agent ID020614,018616
Broker ID3469
Broker NameMaine Real Estate Co
List Price$1,499,000
LocationTypeBusiness District, Intown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate
MLS Number1581920
Modification Date08/15/2024
Property TypeResidential Income

Property

Lot Size SourcePublic Records
Road FrontagePaved, Public

Exterior

Exterior Brick, Brick Veneer
RoofFlat, Other

Amenities

Mls StatusActive
Other AmenitiesBasement, Fireplace, Dock

Legal

ZoningB2B

Photos

Number of Photos41

Other

Date Listed02/09/2024
View Count31

Tax Information

Tax Book Number 31169
Tax LotL002
Tax Map Number 129
Tax Year 2023
Taxes$16,448

Building

Above Grade Finished Area 7,446
BasementFull, Interior Entry, Walk-Out Access, Unfinished
Building ConstructionBrick Veneer, Brick, Masonry
FoundationBlock, Concrete Perimeter
Property StyleMulti-Level
Units5
Units Numof 1 Bd Units 2
Units Numof 2 Bd Units 1
Units Numof 3 Bd Units 2
Year Built1910

Property Information

Acreage0.12
Lot Features
- Intown
- Level
- Near Golf Course
- Near Public Transit
- Near Shopping
- Near Turnpike/Interstate
- Open Lot
- Sidewalks
Lot Size Square Feet 5,227
Lot Size Units Acres
Site Level, Open, Sidewalks
Square Feet7,446

Parking

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

Rooms

Bathroom5
Full Bath5

Location

Address671-675 Forest Avenue
Building Number671-675
CountyCumberland
DrivewayCommon, Paved
Latitude43.671155
Longitude-70.284152
StateME
StreetForest Avenue
TownPortland
Transportation Near Airport, Public Transport Access
Zip04103

Interior

Flooring Vinyl, Tile, Carpet

Utilities

Electric Circuit Breakers
Gas Natural - On Site
Heat SystemHot Water, Baseboard
Heating FuelOil
Heating YN Yes
Sewer Public Sewer
Utilities Utilities On
Water HeaterElectric, Off Heating System
Water Source Public

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo Privacy Policy

All Maine Homes participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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671-675 Forest AvenuePortland, ME 04103MLS Number 1581920

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