Active under contract

20 Porter Street

Biddeford ME, 04005

$479,000


Active under contract

2 Baths

3,063 sqft

Multi-family

Built in 1939

Courtesy of Dream Home Realty LLC

Investors take notice! Two unit in one of Maine's fastest growing cities; close to Portland and the ocean as well as easy access to highway. Dining, shopping, and play are all close by.

This is a 2-unit income-producing property with great potential. Both units are currently tenant-occupied but below market rates. The property requires some updates and improvements to maximize its value and functionality.With the right repairs it can be brought to its full potential, but it is priced accordingly.

Buyers are encouraged to conduct their own due diligence, including inspections, to assess the condition of the property. The units are fully occupied, and there is a strong rental history in place.

EXTRA BONUS BEDROOM that is currently part of upstairs unit but on FIRST floor, which makes one of the units a 4 bedroom. This extra room has a closet and access to outside door, easily can be part of downstairs unit instead or rent it separately if town allows mixed use.

1609772

MLS ID

November 19, 2024

Listed

December 10, 2024

Updated

Map

20 Porter Street
Biddeford ME, 04005

Interior Features

Total Stories

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

1st Floor Bedroom, Bathtub, One-Floor Living


Laundry Description

Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup


Floor Description

Wood, Vinyl, Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Forced Air, Baseboard

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Corner Lot, Level, Sidewalks, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad


Architectual Style

New Englander


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$4,483


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

1 - 4 Spaces, Paved, On Site


View

No


County

York


Water Source

Public


Pool

No


Zoning

Residential

Listing History

Date

Event

Price

12/10/2024

Under contract

Listing Contact: 207-450-8260

Courtesy of  Dream Home Realty LLC

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 Lifestyle Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 9:50 PM UTC, 12/10/2024

 

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