Portland Multi-Unit

Multi-Family for Sale
Catylist Listing ID: 30172135
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 6,412 SF
Gross Building Area: 6,500 SF
Gross Land Area: 0.09 Acres
Sale Price: $575,000
Unit Price: $143,750 Per Unit
Property Use Type: Investment
Building Name: 40 GreenLeaf
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Excellent opportunity to own a large lot multi-family in the up-and-coming neighborhood of East Bayside Portland, Maine. Interior lot is a is fenced yard in with 2 storage sheds and potential for up to 4 off-street parking spaces. Each unit pays their own utilities with 3rd floor owner unit paying common hallway electrical. Each unit has it Rennai heat pumps. 2nd and 3rd floor units have enclosed 4 season porch area offering picturesque sunset and water views.
Plenty of storage in basement and attic. Tons of potential with this property!
1st Floor unit residential or office ( See listing broker for additional info)


Finance Data Year 2017
Real Estate Taxes - Annual($) $4,520 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: City of Portland
Tax ID/APN: 12-L-4-5
Zoning: R6
Percent Occupied: 75%
Community Amenities: Business Center, Jogging Paths
Property Located Between: Washington Ave and Franklin St
Highway Access: I-295 Marginal Way Interchange (Exit 7)
Airports: PWM
Site Description: Corner lot. City to rebuild roadway and provide wide curbcut to this property. Large side-yard with room for 2-4 off-street parking spaces
Area Description: Rapidly changing commercial to residential area with mix of uses compatible with housing.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1936
Year Renovated: 2009
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding, repalcement windows, 1st floor wood (painted) siding street side. Decks. Needs roof
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Adequate on-street. City street improvements scheduled for spring of 2018 will provide wide curbcut for 2 to 4-spaces

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,795 74,545 114,596
Median Age: 33.02 37.9 39.33
Households: 7,975 35,005 51,266


Photograph of Listing Agent

Anthony J. Donovan

KW Coastal Realty NECPE Member
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