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About the Listing 2463 - 022551
Turnkey mixed use investment opportunity in Portland's highly sought after East End. This four unit property features three residential apartments and one commercial space, making it an exceptional opportunity for investors or owner-occupants seeking strong rental income. The residential units include a completely renovated 2 bedroom, 1 bathroom apartment with a bonus room, a 2 bedroom, 1 bathroom apartment, and a renovated 3 bedroom, 2 bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. Just steps from the Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local shops. This is a rare opportunity to own a fully renovated mixed use property in one of Maine's most desirable neighborhoods. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
1671572
Year Built
1905
Total Square Footage
4,438
Lot/Acreage
0.04
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Heat Pump,Window Unit(s)
- Heating: Electric,Oil,Baseboard,Heat Pump,Hot Water
- Fireplaces:
- Floor: Carpet,Laminate,Hardwood
- Above Ground Sq Ft: 4438
- Below Ground Sq Ft: 0
- Basement: Exterior Entry,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Intown,Near Public Beach,Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Sidewalks,Near Public Transit
- Garage Capacity: N/A
- Zoning: IS-FBC
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: No Driveway,Off Street
Financial Details
- Tax Amount: $9,946
- Taxes w/Assessments: N/A
- Tax/Property ID: PTLD-000020-B000004-000001
- Tax Year: 2024
Payment Calculator
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Questions About..
69 Newbury St Portland, ME 04101
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