700 Ocean AVE new Save Request In-Person Tour Request Virtual Tour
Portland,ME 04103
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 2,644 sqft
Price per Sqft $313
MLS Listing ID 1636596
Style Other
Full Baths 3
Year Built 1904
Annual Tax Amount $7,169
Tax Year 2024
Lot Size 6,969 Sqft
Property Description
Turn-Key 3-Unit in Portland, perfect for investors or owner-occupants!
This beautifully updated 3-unit property in Portland is truly turn-key. Major renovations were completed in 2019, and the current owner has taken it to the next level with even more improvements. Recent upgrades include a brand-new driveway, fresh landscaping, a new roof, high-quality composite exterior stairs, energy-efficient heat pump hot water heaters, and additional insulation following a professional energy audit. This is all designed to boost efficiency and reduce operating and maintenance costs.
Inside, each unit is modern, bright, and inviting with hardwood modern kitchens. The heat pumps offer high efficiency heating and cooling, keeping expenses low and cash flow strong.
The location couldn't be better, tucked in a peaceful, country-like setting yet just minutes from Back Cove, downtown Portland, and I-295. Rents are strong, and with the third or first floor units able to be delivered vacant, this is an excellent opportunity for an owner-occupant or a savvy investor looking for a turnkey property in a prime spot.
Location
State ME
County Cumberland
Zoning RN-1
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Wood,Vinyl,Carpet
Exterior
Parking Features 5 - 10 Spaces,Paved
View Y/N No
Roof Type Shingle
Building
Lot Description Well Landscaped,Level,Sidewalks,Intown,Near Shopping,Near Turnpike/Interstate,Near Town
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame