$1,475,000
Active
61 Days Online
0 Beds7 Baths9,854 SQFT
Active

280 Lincoln Street South Portland, ME 04106

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Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5, 582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCumberland
  • Taxes$13,892
  • HOA/Condo/Coop Fees$0
  • Days on Site61 Days
  • MLS StatusActive
  • MLS ID Number1599566
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.69 Acres
  • Full Baths7
  • Partial BathsN/A

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General Features

  • Style Multi- Level
  • Construction Wood SidingVinyl SidingClapboard
  • Parking 11 - 20 SpacesGravelPaved
  • Sewer Public Sewer
  • Electric Circuit Breakers
  • Basement Interior EntryUnfinished
  • Acreage 0.69
  • Water Public
  • Zoning A

Interior Features

  • Cooling None
  • Heating Baseboard
  • Flooring LaminateConcrete

Exterior Features

  • Roof FlatShingle
  • Waterfront Property No
  • Lot LevelOpen LotNear Turnpike/ InterstateNear Town

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Monthly Payment (Est.)

$7,412
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