280 Lincoln Street South Portland, ME 04106
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