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64 Gray Street

Portland

$1,495,000

beds   ·   7 baths   ·   5,150 sqft   ·   0.09 acres   ·   taxes: $15,208   ·   MLS#: 1622551

Group Showing Tuesday May 20th 11:30-1pm Step into Portland's rich history with this beautifully renovated and updated seven-unit building in a prime location! Situated with exceptional proximity to all that downtown Portland has to offer - from its vibrant arts scene and renowned restaurants to its bustling waterfront - this property presents a fantastic investment opportunity. This meticulously maintained building features a desirable unit mix of five spacious one-bedroom apartments and two efficient studio apartments, all currently leased at market rents, ensuring a strong and immediate income stream. Every unit has recently extensive renovations and updates have preserved the building's historic charm while providing modern comfort and convenience for tenants. A new heating system offers efficiency and reliability. Full Renovation of the entire exterior of the building. A significant amenity in this urban setting is the on-site parking available for tenants for a small fee, a feature that adds considerable value and tenant appeal. Investment Highlights: Seven Units: Five 1-bedroom units and two studio units. Prime Location: Unbeatable access to downtown Portland's attractions, amenities, and employment centers. Market Rents: All units are currently rented at full market value. Historic Charm, Modern Updates: Beautifully renovated and updated throughout, blending historic character with contemporary living. New Heating System: Ensuring efficient and cost-effective heating for the entire building. On-Site Parking: A valuable amenity for tenants in a downtown location, available for a fee. Strong Income Potential: A fully leased building in a high-demand rental market. Don't miss this exceptional opportunity to own a piece of Portland's history while capitalizing on a strong multi-family investment in a sought-after location.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1910
  • Style : New Englander, Victorian
  • Flooring : Wood, Vinyl
  • Garage Spaces : 0.00
  • Roof : Pitched, Shingle
  • Basement : Full, Doghouse, Exterior Only, Unfinished
  • Heating : Radiator
  • Cooling : None

Site

  • Water Source : Public
  • Utilities : Utilities On
  • Sewer : Public Sewer
  • Zoning : R6
  • Road Surface Type : Paved
Listing provided by Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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