280 Lincoln Street South Portland, ME
$1,475,000
Baths 7
Square Footage 9,854
Acres 0.69
Description
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.
Listed by Vitalius Real Estate Group, LLC, Briton Vitalius & Christopher Sullivan 207-541-3755
Details
MLS 1599566
Status Pending
Price $1,475,000
DOM 128 days
Type Multi-Family
Style Multi-Level
Total Baths 7 full baths
Square Feet 9,854 sqft
Lot Size 0.69 acres
Year Built 1900
Taxes Paid $13,892
Lot & Building Features
Cooling None
Tax Year 2024
Taxes Paid $13,892
Room Details
Basement Description Interior Entry, Unfinished
Unit Features
Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 1
Unit 2 of Rooms 3
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 3
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 3
Unit 6 Full Baths 1
Unit 6 of Bedrooms 2
Unit 6 of Rooms 4
Unit 7 Full Baths 1
Unit 7 of Bedrooms 1
Unit 7 of Rooms 3
Unit 8 of Rooms 1
Unit 9 of Bedrooms 1
Unit 10 of Rooms 1
Map
Get Directions
Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.