South Portland 4 unit

Multi-Family for Sale
Catylist Listing ID: 30872953
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,420 SF
Gross Building Area: 3,474 SF
Gross Land Area: 0.15 Acres
Sale Price: $1,035,000
Unit Price: $258,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Vacation Rental Income: Yes
Last Updated: 7/1/2024

Overview / Comments

Fantastic 4 unit with 1- two bedroom unit and 3 one bedroom units all with private entrances. Solid airbnb history as well as rental history. Separate utilities, laundry room and ample parking plus yard. All major systems upgraded in 2013 including roof, full electrical, rinnai heaters, etc. Current owner has renovated the kitchens and a few baths-taken immaculate care of property. This is a very nice building with a second floor two bedroom owners unit furnished and offering expansive bay and Portland skyline views from both the unit and the private deck.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $7,884 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: SPOR-000014-000000-000041
Zoning: RESIDENTIAL DISTRICT G
Percent Occupied: 100%
Property Condition: Excellent
Number of Stories: 2
Year Built: 1930
Year Renovated: 2013
Parking Type: Surface
Total Parking Spaces: 6
Laundry: Shared
Heat Type: Natural Gas
Lot Frontage: 180
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,952 68,001 110,448
Median Age: 40.66 38.48 39.32
Households: 6,843 31,997 49,619

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