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736 FOREST AVE
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building located at 736 Forest Ave.
- Property features a high-visibility mixed-use corner profile.
- The asking price for the asset is $799,000.
- The investment offers a capitalization rate of 7.09 percent.
- Recent renovations have been completed throughout the building.
- Situated in the prominent Portland metropolitan market area.
What's Special
This multifamily apartment building spans the corner of 736 Forest Ave in Portland, Maine. Situated within a high-visibility location, the property functions as a mixed-use asset that has recently undergone renovations. The Portland market maintains a steady demand for residential space, supported by its coastal economy and status as a primary hub in the state. Investors may find this asset suitable for long-term hold strategies aimed at residential rental income or potential mixed-use configurations depending on local zoning allowances. Its position on a prominent thoroughfare offers notable exposure for tenants and contributes to its utility as a core income-producing investment. With a capitalization rate of 7.09 percent, the building presents a distinct value proposition for those seeking a stabilized asset in the city. The configuration allows for flexible use, catering to the growing need for accessible housing options in the Portland metropolitan area. Prospective buyers can leverage the existing updates to reduce immediate capital expenditure while capitalizing on the steady occupancy trends associated with urban apartment living.
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