64 Gray Street, Portland, ME 04102 (MLS # 1622551)

PRICE $1,495,000 BEDS 0 BATHS 7 HOME SIZE 5,150 sqft LOT SIZE 3,921 sqft Request More Info Schedule a Showing

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.