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280 Lincoln Street, South Portland, ME 04106

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For Sale

$1,475,000

7 baths • 9,854 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $149.69
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 1599566

Courtesy Of Vitalius Real Estate Group
306 Congress Street, Portland, ME 04101
(207) 541-3755

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding, Wood Siding
  • Floor Covering
    Concrete, Laminate
  • Heating System
    Baseboard
  • Lot Size
    0.69 Acres

Map and Directions

Directions to 280 Lincoln Street, South Portland, ME 04106

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Monthly Payment Breakdown

  • Principle and Interest
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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