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About the Listing 2872 - 016301
9.5% cap rate! A unique three property portfolio in the heart of Westbrook offers immediate income potential and long term value. This rare opportunity includes two updated single family homes on separate lots and a carefully maintained two unit building, creating an exceptional package for investors seeking a presence in one of Greater Portland's most dynamic communities. At 26 Cross Street, the two unit residence features spacious three bedroom layouts, each with private back decks, separately metered heat and electricity, and convenient access through both front and rear stairwells. A detached two car garage and large driveway add to tenant appeal, while recent upgrades such as a 2021 roof and a four year old heating system provide efficiency and peace of mind. Both units are tenant occupied on a month to month basis, generating immediate cash flow while allowing flexibility for future owner occupancy or repositioning. 27 and 31 Cross Street are single family homes on their own lots, each offering three to four bedrooms, bright kitchens with generous natural light, and large living spaces with newly refreshed hardwood floors. Recent improvements include updated heating systems, newer windows, and fresh exterior paint. Both homes also feature dedicated parking and sizable yards, enhancing resident appeal and rental stability. Located just steps from Westbrook's downtown, with its growing mix of restaurants, breweries, riverfront trails, and daily conveniences, this portfolio delivers a combination of modern updates, strong rental history, and room for future growth. For the investor, 26, 27 and 31 Cross Street represent not just property, but a well timed entry into Westbrook's continued renaissance.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
1671299
Year Built
1895
Total Square Footage
2,352
Lot/Acreage
0.12
County
Cumberland
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Gas Natural,Direct Vent Heater,Forced Air
- Fireplaces:
- Floor: Laminate,Wood
- Above Ground Sq Ft: 2352
- Below Ground Sq Ft: 0
- Basement: Interior Entry,Full,Unfinished
- Other: 1st Floor Bedroom
- Water: Public
Exterior Details
- Lot Description: Business District,Intown,Near Shopping,Near Turnpike/Interstate,Neighborhood,Level,Open Lot,Sidewalks,Near Public Transit
- Garage Capacity: N/A
- Zoning: 16
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Common,Paved,1 - 4 Spaces
Financial Details
- Tax Amount: $3,301
- Taxes w/Assessments: N/A
- Tax/Property ID: WSBR-000028-000000-000213B
- Tax Year: 2023
Payment Calculator
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Questions About..
262731 26, 27, 31 Cross St Westbrook, ME 04092
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