Bought with Keller Williams Realty
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Key Details
Sold Price $387,500
Property Type Multi-Family
Listing Status Sold
Square Footage 2,462 sqft
MLS Listing ID 1531854
Style Duplex,New Englander
Full Baths 2
Year Built 1930
Annual Tax Amount $4,947
Tax Year 2021
Lot Size 2,613 Sqft
Property Description
ATTENTION Fix & Flippers and Buy & Holders and Brokers with Fix/Flip/Investor Clients - we priced this for you! 13% CAP RATE! This is the least expensive multi-unit for sale in Portland. This property needs a renovation but the bones, layout, bedroom count, and location are 100% there to make this a viable investment with excellent cash flow. Downstairs is a large 2-bedroom layout (condition isn't bad) and upstairs is a 5 bedroom layout (this is the one that needs more work). The property is being sold AS-IS. 58 Douglass Street is conveniently located next to the massive Dougherty Park and right at the neck of the Portland Peninsula with fast access to I-295. Seller is willing to credit the buyer a significant monetary amount for lead paint abatement -- please inquire for more details.
Location
State ME
County Cumberland
Zoning R5
Interior
Heating Hot Water, Forced Air, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile, Carpet
Exterior
Parking Features 1 - 4 Spaces, Common, Off Street
Utilities Available 1
View Y/N No
Roof Type Pitched,Shingle
Building
Lot Description Open Lot, Sidewalks, Near Shopping, Near Town, Neighborhood
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Vinyl Siding,Other Exterior,Clapboard,Wood Frame
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