Portland, ME 04103 671-675 Forest Avenue
$1,499,000
36 more
Presented By: Maine Real Estate Co;
Home Details
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.
Presented By: Maine Real Estate Co;
Interior Features for 671-675 Forest Avenue
Bathrooms
Half Baths0
Total Baths5
Other Interior Features
Above Grade Finished Area7446.0
Air Conditioning Y/NNo
BasementFull, Interior Entry, Walk-Out Access, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringVinyl, Tile, Carpet
Heating Y/NYes
General for 671-675 Forest Avenue
Additional Parcels Y/NNo
Architectural StyleMulti-Level
Attached Garage No
Carport Y/NNo
CityPortland
Construction MaterialsBrick Veneer, Brick, Masonry
CoolingNone
CountyCumberland
ElectricCircuit Breakers
Full Baths5
Garage Spaces0.0
Garage Y/NNo
Gross Income167112.0
HeatingHot Water, Baseboard
Home Owner Association Y/NNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet5227.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal5
Operating Expense33452.0
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Other
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount16448.0
Tax LotL002
Tax Year2023
UtilitiesUtilities On
View Y/NNo
Waterfront Y/NNo
Year Built1910
ZoningB2B
Exterior for 671-675 Forest Avenue
Building Area Total7446.0
Crops Included Y/NNo
Foundation DetailsBlock, Concrete Perimeter
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit
Lot Size Acres0.12
Lot Size Area0.12
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features1 - 4 Spaces, Paved, Common, Off Street
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History
Shelley Kennagh
Senior Loan Officer