Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Portland is located in Pennsylvania. Portland, Pennsylvania has a population of 507. Portland is more family-centric than the surrounding county with 39.37% of the households containing married families with children. The county average for households married with children is 27.6%.
The median household income in Portland, Pennsylvania is $58,068. The median household income for the surrounding county is $77,103 compared to the national median of $69,021. The median age of people living in Portland is 40.4 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 48.1 inches per year, with 34.2 inches of snow per year.
