Closed
58 Douglass Street
Portland ME, 04102
$387,500
Closed
2 Baths
2,462 sqft
Multi-family
Built in 1930
Courtesy of F.O. Bailey Real Estate
ATTENTION Fix & Flippers and Buy & Holders and Brokers with Fix/Flip/Investor Clients - we priced this for you! 13% CAP RATE! This is the least expensive multi-unit for sale in Portland. This property needs a renovation but the bones, layout, bedroom count, and location are 100% there to make this a viable investment with excellent cash flow. Downstairs is a large 2-bedroom layout (condition isn't bad) and upstairs is a 5 bedroom layout (this is the one that needs more work). The property is being sold AS-IS. 58 Douglass Street is conveniently located next to the massive Dougherty Park and right at the neck of the Portland Peninsula with fast access to I-295. Seller is willing to credit the buyer a significant monetary amount for lead paint abatement -- please inquire for more details.
1531854
MLSⓇ ID
March 16, 2024
Updated
Map
58 Douglass Street
Portland ME, 04102
Interior Features
Total Stories
3
Bathrooms
2 Baths
Floor Description
Wood, Vinyl, Tile, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Forced Air, Baseboard
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
Open Lot, Sidewalks, Near Shopping, Near Town, Neighborhood
Architectual Style
Duplex, New Englander
Roof
Pitched, Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$4,947
Tax Frequency
Annually
Garage
No
Parking
1 - 4 Spaces, Common, Off Street
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
R5
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
6/27/2023 | Sold | $387,500 |
Listing Contact: 207-650-9247
Bought with Keller Williams Realty and Listed by F.O. Bailey Real Estate
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Jacqueline Nedwell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:19 AM UTC, 3/16/2024