523 Washington AvenuePortland, ME 04103MLS Number 1543356

  • Price: $2,100,000
  • Est. Mortgage of $/month
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%
$/month over payments
Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All 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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523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103523 Washington Avenue Portland ME 04103
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  • 0.57Acreage
  • 12Bathrooms
  • 1905Year Built
  • 11,896Square Feet

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12-units on a huge lot close to downtown, Portland's Back Cove, and the future Roux Institute campus. These side-by-side 6-unit buildings enjoy a large yard and parking lot for 16 +/- cars. There is good stabilized cash flow and additional income potential simply by increasing existing subsidized units to the allowable maximum. Both buildings are in remarkably good shape, one having had a fire some years ago was essentially rebuilt from the studs with a sprinkler system. Tenants love the sunny 2 & 3 bedroom layouts, decks, green space, ample parking for two cars per apartment, proximity to Payson Park and easy access to 295. Potential to add two more units on the parcel means even more upside potential.
Listed By Vitalius Real Estate Group,LLC

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Location Information

  • Building Number523
  • StreetWashington Avenue

Building

  • Bathroom12
  • Square Feet11,896
  • BasementFull, Unfinished
  • 2 Bedroom Units9
  • 3 Bedroom Units3
  • Units12
  • Building ConstructionWood Frame
  • Num Heating Units1
  • RoofMembrane

Exterior

  • ExteriorVinyl Siding

Property Information

  • ColorGray

Water Body

  • Water FrontageNo

Rooms

  • Full Bath12

Location

  • StateME
  • LocationIntown, Near Turnpike/Interstate
  • Zip04103
  • Address523 Washington Avenue
  • CountyCumberland
  • DrivewayPaved
  • Map429
  • Road Frontage DescriptionPaved, Public
  • SiteOpen, Sidewalks
  • TownPortland
  • TransportationMajor Road Access, Public Transport Access

Utilities

  • WaterPublic
  • Heating FuelGas Natural
  • Heat SystemSteam
  • CoolingNone
  • ElectricCircuit Breakers
  • GasNatural - On Site
  • Waste Water DisposalPublic Sewer

Basic Information

  • StyleMulti-Level
  • SeasonalNo
  • MLS Number1543356
  • Agent ID009631
  • Broker NameVitalius Real Estate Group, LLC
  • Broker ID2698
  • List Price$2,100,000
  • MLS StatusActive
  • Property SubTypeResidential Income

Property

  • Acreage0.57
  • Leased LandNo
  • Sq Ft SourcePublic Records
  • Vehicle StorageNo Vehicle Storage
  • Water ViewNo

Amenities

  • AmenitiesDeck, Laundry - Hookup, Porch, Sprinkler
  • Other AmenitiesBasement

Photos

  • Number of Photos14

Other

  • Last Img Trans Date09/16/2022
  • Modification Date10/07/2022
  • Lot1
  • Parking Spaces11 - 20 Spaces, On Site, Paved
  • Year Built1905
  • View Count2
Williams Realty Partners
Williams Realty Partners
Office: 207-351-8188
1000 US RT 1 Suite 102
York, ME 03909

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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. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Williams Realty Partners participates in ©2022 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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