0 Winchester DrPortland, ME 04103

Property Details for 0 Winchester Dr

Year built

2023

Lot size

2.83 AC

Property size (Sq ft)

46,944 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional turnkey investment opportunity presents a 48-unit Class A multifamily property in Portland, Maine's desirable East Deering neighborhood. Completed in 2023, this meticulously maintained complex comprises four three-story buildings, totaling 46,944 square feet on a 2.826-acre lot (APN: 427 L005001). The property features a mix of spacious one- and two-bedroom units, each boasting modern fixtures, stainless steel appliances, patios/decks, and in-unit washer/dryers. Ample parking, including EV charging stations, is provided. Residents enjoy access to attractive green spaces and a convenient walking path to Presumpscot Elementary School's recreational fields. The property benefits from its proximity to downtown Portland's vibrant food scene, retail, Back Bay, and major transportation routes (I-295). Furthermore, its location near the University of Southern Maine and the University of New England's Portland campus, coupled with the proximity to the Roux Institute's upcoming major development, positions this investment for significant long-term value appreciation and rental growth. High-efficiency features include electric water heaters and heat pumps. Note that twelve units are subject to income restrictions (80% AMI) for 30 years. The asking price is $13,000,000 ($270,833 per unit, $276.93 per square foot). The property is currently fully leased and professionally managed. Zoned R5.

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6834

Longitude

-70.2581

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].