671-675 Forest Ave

Portland, ME 04103 View Map $1,595,000 Schedule a Tour
Baths5
Sq.Ft.7,446
Year1910
Bean Group

Bean Group

(800) 450-7784

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Status: Active
Property Type:Multi-Family
MLS #:1581920
Sq. Feet:7,446
Lot Size:5,227 Sq. Ft.
County:Cumberland

Listing Office

Office:Maine Real Estate Co
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.

Detailed Maps

Community Information

Address:671-675 Forest Ave, Portland, ME 04103
County:Cumberland
Zip Code:04103

Architecture

Bathrooms: 5
Year Built:1910
Style:Multi-Level
Construction Materials: Brick Veneer, Brick, Masonry
Roof: Flat
Foundation: Block, Concrete Perimeter
Basement: Full, Interior Entry, Walk-Out Access, Unfinished
Parking Features: 1 - 4 Spaces, Paved, Common, Off Street
Garages Features: No Vehicle Storage

Features / Amenities

Flooring: Vinyl, Tile, Carpet
Foundation Material Features: Poured Concrete
Exterior Features: Brick, Brick Veneer
Heating: Hot Water, Baseboard

Square Footage

Finished Sq. Ft.
Above Grade 7446
Below Grade 0
Total 0

Property Features

Lot Size: 0.12 Acres / 5,227 Sq. Ft.
Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit
Site Features: Level, Open, Sidewalks
Road Surface Type Features: Public
Lot Location Features: Business District, Intown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate
Utilities: Utilities On
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Heating Fuel Features: Oil
Electric Features: Circuit Breakers
Road Surface: Paved
Driveway Features: Common, Paved
Zoning:B2B

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Year: 2023
Tax Annual Amount: $16,448
Gross Income: $167,112
Buyer Agency Compensation: 2.0000
Documents Available: Deed Public Access, Lead Paint Addendum Public Access, Property Disclosure Public Access

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671-675 Forest Ave Portland,  ME 04103
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671-675 Forest Ave Portland, ME 04103
 
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Listing Information Last Updated 3/3/2024