Portland Two Family -Bike to University of New England

Portland Two Family -Bike to University of New England

This circa 1900 New Englander two-unit is now available for immediate occupancy! Offering classic charm and sitting on a generous 12,000± sq ft lot in Portland's convenient Nason's Corner neighborhood, it is Ideally located close to everything. It is within walking distance to Portland Trails, local schools, The Sinful Kitchen, Applebee's, a neighborhood corner store, the Lowe's shopping center, and is within biking distance to New England College, Capisic Pond Park, and Rosemont Market. Owned by the same family for decades, the property is being offered as-is with seller concessions and presents excellent potential. It is the perfect multi-generational home with room for a nanny or in-laws. The small first floor unit with its own entrance was once used as a third unit and with City approval might be able to be used again as an ADU or as in in-law or guest suite. It would add two bedrooms and a full bath giving the first floor 4 bedrooms. Another possible use for the addition, also with City permission, is an in-home occupation such as a hair salon or office. The first-floor apartment features two bedrooms, an eat-in kitchen, a living room, and a full bath as well as basement access. It is heated by oil, with the tenant responsible for oil and electricity. The second-floor apartment, which includes the third floor, offers two or three bedrooms, a living room, dining room, and kitchen, along with basement access. This unit is heated by a propane monitor, with the tenant paying for propane and electricity. Additional highlights include ample off-street parking and a two-car garage, making this a great opportunity for owner occupancy or investment. The property is looking for some love and updating but this property has great potential. Opportunity knocks - and the owner may help with closing costs . Portland rent control does not apply if the property is purchased by an owner/occupant.