Portland 3-Unit
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30876919 |
| Property Subtypes: |
Mid-Rise
|
| Status: |
Pending/Contingent |
| Number of Units: |
3 Units |
| Building Size (RSF): |
2,469 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,100,000 |
| Unit Price: |
$366,666.67 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/11/2024 |
Overview / Comments
This Munjoy Hill 3-unit with water views sits on a large corner lot with additional development potential. The first two floors are currently vacant allowing for immediate occupancy or renovation. Owner occupants may consider renovation options to bring the historical small bedrooms and baths up to modern layouts to match the level of the property's spectacular location. The expansive yard has been used for gardening, hosting seasonal holiday parties, and simply as a quiet outdoor area. Developers will see the land for its expansion potential - the lot appears to allow for up to 10 units per the density of the R6 zoning. Notes: 1) Units can be combined. 2) Portland's rent control price restrictions do not apply to owner occupied 2-4 unit properties.
Entire building will be vacant as of September 1st.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$11,832 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05170_017 F017 |
| Zoning: |
R6 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Laundry: |
Shared |
| 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: |
15,677 |
70,949 |
114,794 |
| Median Age: |
34.23 |
37.61 |
39.41 |
| Households: |
8,023 |
33,519 |
51,551 |
|
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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.
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