1549 Westbrook StreetPortland, ME 04102Price: $419,000

PRICED BELOW APPRAISAL VALUE. Immediate equity in this home. Recent appraisal report will be provided upon request. 1-yr home warranty. This is a rare opportunity for someone to own a house in the sought-after Stroudwater area with future investment potential. Could be a lucrative air bnb. Zoned for up to 4 units. Great location. Largest lot at this price point in Portland. Set in the highly desirable neighborhood of Stroudwater, this thoughtfully renovated, move-in ready, single family home has a breathtaking backyard with a large bellowing willow tree and trails on the abutting land behind the house. The new zoning for this bungalow offers investors an income stream opportunity allowing someone the option of building an additional structure on the back of the lot, up to 4 units total on the lot. Can easily be transformed into a 2-unit. High end finishes include granite countertops, all new stainless steel kitchen appliances, LVP flooring and a new half bath. Architectural shingles on the main roof with life expectancy of up to 35 yrs. Nest 2-zone thermostat. Move-in ready, solid home with good bones. This bungalow is bubbling over with character with built-ins, hardwood and wide wood flooring. Bright and clean, the layout is unique with the actual living space is twice the above grade square footage with the kitchen, dining room, half bath/laundry room and 1 bedroom on the lower level (in the finished daylight basement), and 2 additional bedrooms, a living room, a den and a full bathroom on the upper level (on the 1st floor). With the Stroudwater Trail and River nearby you can hike, bike, or set off on a canoe or kayak adventure, all while living right in Portland! Would make a great air bnb. Perfect for someone looking for a smaller footprint to maintain, without sacrificing a beautiful yard and recreational trails. Or a condo alternative. Plus, the highway is nearby for commuting.