Bought with Rebecca Lapierre Town Square Realty Group
$650,000
$650,000
For more information regarding the value of a property, please contact us for a free consultation.
406 Cumberland ST Westbrook, ME 04092
4 Baths
2,848 SqFt
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,848 sqft
Price per Sqft $228
MLS Listing ID 1627626
Sold Date 08/04/25
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 2005
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Source Maine Listings
Land Area 2848
Property Description
Unlock the power of dual income with this highly versatile two-unit property, perfectly positioned for the strategic investor. The ground level features a fully operational, licensed daycare facility — a recession-resistant tenant with a long term rock-solid lease in place, offering long-term stability and reliable income. Upstairs, a spacious 3-bedroom, 2-bath residential apartment boasts its own private entrance and full-floor layout, ideal for maximizing rental income or serving as an attractive owner-occupant unit. The apartment will be delivered vacant as of July 31st, offering immediate flexibility for leasing or personal use. Whether you're seeking strong cash flow from a stable commercial lease or looking to expand your portfolio with a turn-key mixed-use asset, this property checks every box. Don't miss out on this rare opportunity to own a property that generates income from day one — with upside potential built in.
Location
State ME
County Cumberland
Zoning RGA1
Direction GPS Friendly
Rooms
Basement Full, Doghouse, Exterior Only, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Tile, Carpet
Fireplace No
Laundry Upper Level
Exterior
Parking Features 5 - 10 Spaces, Paved, On Site, Off Street
Fence Fenced
Roof Type Shingle
Porch Porch
Garage No
Garage No
Building
Lot Description Open, Level, Near Town
Story 2
Foundation Concrete Perimeter
Water Public
Architectural Style Colonial
Schools
School District Westbrook Public Schools
Others
Tax ID WSBR-000043-000000-000045A
Security Features Sprinkler
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