South Portland - Mixed Use
Multi-Family
for Sale
| Catylist Listing ID: |
30876259 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
9,854 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.69 Acres
|
| Sale Price: |
$1,575,000 |
| Unit Price: |
$225,000 Per Unit |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/12/2024 |
Overview / Comments
|
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a ~5,500 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and “maker” tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$13,892 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05220_32-106 |
| Zoning: |
A |
| Total Number of Buildings: |
2 |
| Roof Type: |
Other |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Baseboard |
| Fuel: |
Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,418 |
76,304 |
116,808 |
| Median Age: |
38.35 |
38.12 |
39.46 |
| Households: |
3,668 |
35,269 |
52,569 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
