Westbrook
$1,195,000
26, 27, 31 Cross Street
mls: 1671299
Bathrooms: 4
Year Built: 1895
Sq Footage: 2,352
Lot Size: 0.12
Taxes: $3,301
Status: Active

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.

Listed by: F.O. Bailey Real Estate

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.

Listed by: F.O. Bailey Real Estate

Above Grade Finished Area
2352.00
Accessibility Features
Appliances
Architectural Style
Colonial, New Englander, Other
Basement
Interior Entry, Full, Unfinished
Bathrooms Full
4
Bathrooms Total Integer
4
Below Grade Finished Area
0.00
Body Type
Building Area Total
2352.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Laminate, Wood
Foundation Details
Stone, Brick/Mortar
Garage Spaces
0.00
Garage Yes/No
1
Green Energy Efficient
Heating
Gas Natural, Direct Vent Heater, Forced Air
Heating Yes/No
1
Interior Features
1st Floor Bedroom
Laundry Features
Washer Hookup
Lot Features
Business District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Sidewalks, Near Public Transit
Lot Size Acres
0.1200
Other Equipment
Other Structures
Parking Features
Common, Paved, 1 - 4 Spaces
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
3301.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1895
Zoning
16