1148-1150 Forest Avenue
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!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $699,000 |
| No. of Units: | 2 |
| Year Built: | 1930 |
| Lot Size: | 2,136.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $349,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 2 |
ID: 3yd-MREISME-1681452
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