Active
Multifamily
156 Woodford Street
Portland, ME 04103
Baths
6
Square Ft.
6,228
$1,750,000
This property has just been completely repurposed from a long standing commercial space into a 7 unit building with 6 residential units PLUS 1 commercial unit. Situated in the center of Woodfords Corner, this area reaps the benefits of the very strong, well managed and vibrant Woodfords Neighborhood Association. (Check… Read More out their impressive Website!) You will be surrounded by a bustling lifestyle with walkability to many fabulous restaurants, shops, the bus line, colleges and the beautiful Baxter Boulevard path around the Bay! Reinventing this space involved the following: installing a new roof and all new windows, new high-efficiency heating and electrical systems, new ultra durable waterproof and scuff proof luxury vinyl plank flooring, stainless appliances and tasteful electrical and plumbing fixtures, washer and dryer hookups in each unit, heat pumps for both heat and cooling in each unit, industrial sound insulation between all walls and ceilings separating units... in addition to 8 inches thick of dense packed insulation in all exterior walls, R-60 attic insulation, and spray foamed basement foundation walls, and a new fire alarm and sprinkler system throughout. This building offers the highest industry standards for insulation and efficiency, as well as the most up to date air quality and central ventilation equipment! Enjoy this low maintenance investment property, in a popular historic area of Portland with strong and steady increases in property values and income potential. The attached Income and Expense projections are based on conservative numbers, so your financial reward has no place to go but up! If you are looking for a property as a first time investment, a property to add to your current portfolio, a 1031 Exchange property and/or a place to lower your living expenses by owner occupying, then you need to schedule a showing today!! Read Less
Courtesy of Cottage & Co Real Estate 207-653-1188, .
Listing Snapshot
Days Online
28
Last Updated
Full Baths
6
Square Ft.
6,228
Lot Size
6534 Acres
Year Built
1900
MLS Number
1631993
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 6,228, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 6, Year Built: 1900
Cooling
Cooling Included, Cooling: "Heat Pump"
Expenses
Operating Expense: $38,900
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Heat Pump", "Direct Vent Heater", "Baseboard", Heating Included
Income
Gross Income: $192,000
Lot
Features: "Level", "Sidewalks", "Intown", "Near Golf Course", "Near Public Beach", "Near Shopping", "Near Turnpike/Interstate", "Near Town", "Neighborhood", "Near Public Transit", "Near Railroad", 6534 acres, Area: 6534, 284,621,040 square feet
Parking
Features: "5 - 10 Spaces", "Paved", "On Site", "Off Street"
Property
Parcel Number: PTLD-000125-F000005-000001, Zoning: B2B
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,678, Tax Lot: 5
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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