48 Winchester Drive

Property feature image
Property gallery image
Property gallery image
Property gallery image
Address: 48 Winchester Drive, Portland, Maine, US
Created date: February 9, 2024
Date last updated: March 26, 2024
  • Winchester Woods finished construction in 2023 and is professionally managed.
  • This is a turn-key investment property poised for value appreciation and rent growth.
  • The buildings have quality construction such as high efficiency electric water heaters, efficient heat pumps which provide heating and cooling, hot-water radiators to supplement heating, and stainless-steel appliances including a dishwasher, electric stove, microwave, and refrigerator.
  • The Roux Institute at Northeastern recently acquired a 10-acre site which is ¼ mile from Winchester Woods.

Property Description

Winchester Woods 48-unit multifamily investment property comprised of four, three-story buildings, each with twelve units. Each building has six one-bedroom units and six two-bedroom units. Units feature spacious and open floor plans with modern fixtures, stainless steel appliances, patios and decks, ample parking with EV charging stations, and in-unit washer/dryers. Winchester Woods includes greenspace for tenant’s outdoor enjoyment and it abuts Presumpscot Elementary School with a walking path connecting the property directly to the schools recreational fields.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $13,500,000
No. of Units: 48
Year Built: 2023
Lot Size: 2.83 Sq ft
Opportunity Zone: No
Price per unit: $281,250
Property Website Click Here
Address: 48 Winchester Drive, Portland, ME 04103, USA
Provided by:

Similar Properties in the Area

6 Rock Road

Boston , Massachusetts
Boston & New England + Apartments
Units: 2
Price: $850,000

152 Cross Street

Somerville , Massachusetts
Boston & New England + Apartments
Units: 6
Price: $2,200,000

90 Highland Avenue

Newton , Massachusetts
Boston & New England + Apartments
Units: 2
Price: $2,795,000
popup background image