280 Lincoln Street, South Portland, Maine 04106
- $1,475,000
- 7
- BA
- 9,854
- SqFt
Listing courtesy of Vitalius Real Estate Group, LLC.
- List Price
- $1,475,000
- MLS#
- 1599566
- Status
- ACTIVE
- Type
- Multifamily
- City
- South Portland
- County
- Cumberland
- Bathrooms
- 7
- Living Area
- 9,854
- Lot Size
- 30,056
- Year Built
- 1900
Property 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.
Additional Information
- Living Area
- 9,854
- Roads
- Paved
- Tax Year
- 2024
- Parking
- 11 - 20 Spaces, Gravel, Paved
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Unfinished
- Heat System
- Baseboard
- Cooling
- None
- Year Built
- 1900
- Floors
- Laminate, Concrete
- Acres
- 0.69
- Units
- 14
- Roof
- Flat, Shingle
- Construction
- Wood Siding, Vinyl Siding, Clapboard, Wood Frame
- Style
- Multi-Level
- Courtesy Of Listing Office
- Vitalius Real Estate Group, LLC
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