104 Oak ST Portland, ME 04101

104 Oak Street - a historic 1924 John Calvin Stevens designed building is available for purchase for the first time in nearly two decades. Originally constructed as a hotel, this 29-unit property features 8 studio apartments and 21 one-bedroom units. The simple unit layout and downtown location is highly rentable for an investor or a great option for businesses or organizations in need of housing for staff, students or other needs.
Major updates include a new central heating and water system, central fire monitoring, fire doors, and units updated with recent turn-overs. Stacked unit layout for easy maintenance, water views from some units, on-site coin-operated laundry and excellent walkability to downtown employers, restaurants, and cultural amenities.