Detached two car garageSizable yardsThree to four bedroomsSpacious three bedroom layoutsLarge drivewayUpdated single family homesLarge living spaces
9.5% cap rate! A unique three property portfolio in the heart of Westbrook offers immediate income potential and long term value. This rare opportunity includes two updated single family homes on separate lots and a carefully maintained two unit building, creating an exceptional package for investors seeking a presence in one of Greater Portland's most dynamic communities. At 26 Cross Street, the two unit residence features spacious three bedroom layouts, each with private back decks, separately metered heat and electricity, and convenient access through both front and rear stairwells. A detached two car garage and large driveway add to tenant appeal, while recent upgrades such as a 2021 roof and a four year old heating system provide efficiency and peace of mind. Both units are tenant occupied on a month to month basis, generating immediate cash flow while allowing flexibility for future owner occupancy or repositioning. 27 and 31 Cross Street are single family homes on their own lots, each offering three to four bedrooms, bright kitchens with generous natural light, and large living spaces with newly refreshed hardwood floors. Recent improvements include updated heating systems, newer windows, and fresh exterior paint. Both homes also feature dedicated parking and sizable yards, enhancing resident appeal and rental stability. Located just steps from Westbrook's downtown, with its growing mix of restaurants, breweries, riverfront trails, and daily conveniences, this portfolio delivers a combination of modern updates, strong rental history, and room for future growth. For the investor, 26, 27 and 31 Cross Street represent not just property, but a well timed entry into Westbrook's continued renaissance.
6 days
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Zillow last checked:
Listing updated:
Listed by:
F.O. Bailey Real Estate
Source: Maine Listings,MLS#: 1671299
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 4
Full bathrooms: 4
Heating
Direct Vent Heater, Forced Air
Cooling
None
Features
1st Floor Bedroom
Flooring: Laminate, Wood
Basement: Interior Entry,Full,Unfinished
Interior area
Total structure area: 2,352
Total interior livable area: 2,352 sqft
Finished area above ground: 2,352
Finished area below ground: 0
Property
Parking
Parking features: Common, Paved, 1 - 4 Spaces
Has garage: Yes
Lot
Size: 5,227 Square Feet
Features: Business District, City Lot, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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