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About the Listing 1587 - 001674,022045
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER FINANCIAL YEILDS IN THE FUTURE WHEN THE CURRENT AFFORDABLE HOUSING USE, WITH 100% PROPERTY TAX EXEMPTION, MAY BE DISCONTINUED AND ALLOW FOR MULTIPLE OTHER OPTIONS....CALL BRUCE LUDKA FOR MORE INFORMATION.
Listing Highlights for 1390 Forest Ave
Interior Details
- Bathrooms: 30 Full
- Appliances:
- Air Cond:
- Heating: Gas Natural,Baseboard,Hot Water
- Fireplaces:
- Floor: Carpet,Laminate,Luxury Vinyl
- Above Ground Sq Ft: 38592
- Basement: Exterior Entry
- Other:
- Water: Public
Exterior Details
- Lot Description: Intown,Near Shopping,Near Turnpike/Interstate,Level,Open Lot,Sidewalks,Landscaped,Wooded,Near Public Transit
- Garage Capacity: N/A
- Zoning: 54
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,21+ Spaces,On Site
Financial Details
- Tax Amount: $1
- Taxes w/Assessments: N/A
- Tax/Property ID: PTLD-000294-C000068-000001
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1390 Forest Ave Portland, ME 04103
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