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

 

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