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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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16 Montrose Ave , Portland, ME 04103
$1,195,000
Est. Payment: $2,655.56/mo
0 Bed
3 Bath
4410 Sqft
Status: Active | Days on site: 8
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House Description

Exceptional opportunity in Portland's desirable Rosemont neighborhood! 14-16 Montrose Avenue offers three spacious residential units, numerous updates, a detached 3-car garage and a location that continues to make this neighborhood one of Portland's most sought-after residential areas. Each of the three units offers generous living space, creating an attractive opportunity for investors as well as an owner-occupant looking to combine comfortable living with rental income. Numerous improvements have been completed throughout the property, while the detached three-car garage provides valuable parking and storage rarely found with Portland multi-units. Adding another interesting dimension, the property's deed describes the premises as two lots within the historic Rosemont subdivision, and City parcel mapping depicts two underlying parcels. The existing 3-unit and detached garage are situated on opposite parcels. This configuration may offer intriguing future possibilities for a buyer willing to explore the property's development potential with the City of Portland. A rare combination of three substantial units, a 3-car garage, desirable neighborhood setting and potential future upside—all just minutes from downtown Portland. Development potential has not been approved or confirmed. Buyers are responsible for independently verifying permitted uses and development potential with the City of Portland.

Highlights

Listed by Joshua Caron , 207-408-3879 Maine Community Real Estate , 207-956-3555.

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1885

County

Cumberland

Listing ID

1679908

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Internet Access Available
Floor:Vinyl,Wood
Above Ground Sq Ft:4410
Below Ground Sq Ft:0
Basement:Bulkhead,Interior Entry,Full,Unfinished
Other:
  • Additional:Bathtub, Pantry, Shower, Storage
Water:Public

Exterior Features

Lot:Near Golf Course,Near Public Beach,Near Shopping,Near Turnpike/Interstate,Neighborhood,Corner Lot,Sidewalks,Near Public Transit
Zoning:R5
Roof:Flat,Membrane,Shingle
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,On Site,Detached
Principal Interest
$2,656
Taxes
$967

Home Price

$1,195,000

Loan Details

30 yrs
%

Down Payment

20%
$239,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,655.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,655.56 $967.00 $0.00 $3,622.56
Yearly $31,866.67 $11,604.00 $0.00 $43,470.67
Total $956,000.00 $348,120.00 $0.00 $1,304,120.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.