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Sold

61 Spring Street

61 Spring Street, Westbrook, ME 04092

$575,000

Incredible investment opportunity in Westbrook! This rare and wonderful 2-unit property on a truly exceptional lot on Beaver Pond boasts two income-generating 3-bedroom/1-bath units, each with separate entrances, separate electric and heating, in-unit washing machines and a shared dryer in the basement. Plenty of parking and storage with an attached 2-car garage and additional basement and attic space. Bright and airy units with high ceilings and charming period details. There are tenants currently in the upper unit through November 2022 at $2,000 per month. The now-vacant lower unit rented for $2,100, prior to the new laminate flooring installed in the unit and 1st-floor hallway this year. Newer roof; easy-to-maintain lawn (has never needed mowing!); all exterior entrances; porches and decks freshly painted this spring. Freshly painted interior 2021, new motion-sensor safety lights installed outside and in the interior hallway and stairwell 2021. The flexibility of this property is so appealing; with the enchanting urban oasis that the pond and beautiful level yard allows, this could be a multi-generational home (as it was historically), an amenity laden investment as it is now, or a fabulous owner-occupied home that lets you enjoy the warmth and tranquility of nature while the tenants pay your mortgage! Not to mention the convenient location – walkable to downtown Westbrook, restaurants, shopping, parks, health care and public transportation. Minutes to the Mall, the turnpike and Portland. Group showings Saturday 6/11 and Sunday 6/12 from 12:00 noon to 3:00 p.m. *Photos of 2nd floor unit were taken prior to tenant occupancy. Floor Plan & Matterport of 1st floor only, but 2nd unit is nearly identical in layout and dimension.

 

Listed by:

Town & Shore Real Estate

2
baths

2,480 Sq.Ft. LIVING AREA

0.63 Acres lot

Brenda Cerino Galli

Brenda Cerino Galli

Features & Amenities

Interior

  • Total bathrooms2
  • Laundry room Laundry - 1 st Floor, Upper Level, Main Level
  • Flooring Wood, Vinyl, Laminate, Carpet
  • other interior Features 1 st Floor Bedroom, Bathtub, One-Floor Living, Other

Area & Lot

  • Status Sold
  • Living Area2,480 Sq.Ft.
  • Lot Area0.63 Acres
  • MLS® ID1531396
  • TypeMulti-Family
  • YEAR BUILT1937
  • Architecture StylesMulti-Level, New Englander
  • Water Frontage['Pond']

Exterior

  • Garage Space2.0
  • water SourcePublic
  • utilitiesUtilities On, Pole
  • roofShingle
  • lot featuresLevel, Open Lot, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • parking1 - 4 Spaces, Paved, Underground
  • HEAT TYPERadiator, Hot Water
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$575,000
  • Real Estate Tax $5,436/yr
  • Zoning 11
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