1 Horton Place

Portland, ME 04102

MLS ID# 1572453 Active

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$599,999

0 parking spaces

1460 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details
• Virtual Tour 1
• Video 1
• Video 2

Description

Welcome to an easily managed duplex in the heart of the West End, offering a genuine walker's paradise. This property features two 2-bedroom townhouse-style units with one bathroom each with leased parking space providing a unique opportunity for both owner-occupants and savvy investors. Both units have recently undergone extensive renovations, including upgrades such as new gas heaters, flooring, kitchens, bathrooms, repaint and more. With rental income, this property presents an appealing investment opportunity with $52k+ NOI. Alternatively, it's an excellent choice for owner-occupants looking to significantly offset their mortgage expenses with rental income from the other unit. Beyond the financial advantages, this duplex is in prime location on the Peninsula places you in a dynamic neighborhood within walking distance of the renowned Art District, historic Old Port, esteemed Maine Medical Center, and USM. Embrace the thriving local culture and enjoy the abundant amenities this diverse location have to offer. Although there is no driveway, off street parking is leased just one block away. Don't miss this remarkable opportunity to own a piece of the West End. Welcome to an easily managed duplex in the heart of the West End, offering a genuine walker's paradise. This property features two 2-bedroom townhouse-style units with one bathroom each with leased parking space providing a unique opportunity for bo... show more

Location Information

• Street # 1
• Street Name Horton
• Street Type Place
• County Cumberland
• Town Portland
• State/Province ME
• Zip Code 04102
• Zip +4 3310
• Leased Land No
• Book 39529
• Page 269
• Map 055-E-019-001
• Block 055
• Lot E-019-001
• Zoning R6
• Zoning Overlay Yes
• Tax ID PTLD-000055-E000019-000001
• Association No
• Full Tax Amount 5409.51
• Tax Year 2023

Property Information

• Surveyed No
• Seasonal No
• Short Sale Continue to Show No
• Deed/Conveyance Type Offered Quit Claim
• Deed All
• Deed Restrictions Unknown
• Bank Owned REO No
• 2 Detached Houses on 1 Lot No
• Number of Units 2
• Total Baths 2
• Total Full Baths 2
• Total Half Baths 0
• Color Tan
• Year Built 1900
• SqFt Finished Above Grade 1300
• SqFt Finished Below Grade 160
• SqFt Finished Total 1460
• Garage No
• Garage Spaces 0
• Lot Size Acres +/- 0.02
• Source of Acreage Public Records
• Road Frontage Yes
• Road Frontage +/- 40
• Source of Road Frontage Public Records

Compensation & Misc Info

• Buyer Agency 2.5%

Directions

Take I-295 to Forest Ave in Portland. Take exit 6A from I-295 Take Rt 77 South (State Street) Turn Rt on Pine St Turn Rt on Brackett St Turn Rt on Horton Pl 1-2 Horton Pl is on the left

Details

• Site

  Sidewalks

• Roads

  Public

• Transportation

  Major Road Access, Near Airport, Public Transport Access

• Water Info

  No Water Frontage, No Water View

• Building Info

  # Floors:2, # Heating Units:2

• Income & Expenses

  Gross Income:63240, Operating Expenses:10666

• Units

  # of 1 BD Units:0, # of 2 BD Units:2, # of 3 BD Units:0, # of 4+ BD Units:0

• Unit 1

  No Lease, Level:First, Security Deposit, Monthly Rent:2420, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, Range, Refrigerator, No Sewer, Water

• Unit 2

  Lease, Level:First, Security Deposit, Monthly Rent:2850, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, Dedicated Gas Meter, Dedicated Water Heater, Electric, No Heat, Range, Refrigerator, Sewer, Water

• Style

  Duplex, Multi-Level, Townhouse

• Construction

  Wood Frame

• Basement

  Partial, Unfinished

• Basement Entry

  Bulkhead, Doghouse

• Foundation Materials

  Brick/Mortar

• Exterior

  Vinyl Siding

• Roof

  Shingle

• Heat System

  Direct Vent Heater

• Heat Fuel

  Gas Natural

• Water Heater

  Electric

• Cooling

  None

• Floors

  Vinyl

• Amenities

  Furniture Included

• Driveway

  No Driveway

• Parking

  Leased, Off Site, On Street

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Natural - On Site

• Sewer

  Public Sewer

• Water

  Public