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Adam Dow

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

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605 Washington Ave , Portland, ME 04103
$550,000
Est. Payment: $1,222.22/mo
0 Bed
2 Bath
2612 Sqft
Status: Active | Days on site: 378
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3469 - 019797
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House Description

Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.

Highlights

Listed by Karen Edgcombe , 207-523-0198 Maine Real Estate Co , 207-292-1030.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1905

County

Cumberland

Listing ID

1635440

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Carpet,Laminate
Above Ground Sq Ft:2612
Below Ground Sq Ft:0
Basement:Bulkhead,Full,Unfinished,Brick/Mortar
Other:
  • Additional:Bathtub, Shower
Water:Public

Exterior Features

Lot:Near Shopping,Near Turnpike/Interstate,Near Town,Corner Lot,Level,Sidewalks,Near Public Transit
Zoning:RN3
Roof:Shingle
Sewer:Public Sewer
Parking Features:Gravel,5 - 10 Spaces,Off Street,Detached
Principal Interest
$1,222
Taxes
$627

Home Price

$550,000

Loan Details

30 yrs
%

Down Payment

20%
$110,000
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:
$1,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,222.22 $626.83 $0.00 $1,849.06
Yearly $14,666.67 $7,522.00 $0.00 $22,188.67
Total $440,000.00 $225,660.00 $0.00 $665,660.00

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.