Munjoy Hill 12-Unit

Multi-Family for Sale
Catylist Listing ID: 30802316
Property Subtypes: Government Subsidized, High-Rise, Mid-Rise
Number of Units: 12 Units
Building Size (RSF): 8,073 SF
Gross Building Area: 10,644 SF
Gross Land Area: 0.09 Acres
Sale Price: $2,700,000
Unit Price: $225,000 Per Unit
Property Use Type: Investment
Building Name: Daly Block
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 6/20/2022

Overview / Comments

- Exempt from City of Portland Rental Control Ordinance
- Multi-Family building comprised of 12 units totaling 8,073± SF
- Efficient layout, all units with one-bedroom and two means of entrance/egress on 3-stories
- Exceptional opportunity to reposition subsidized units to "market" at a cost-basis far below replacement cost.
- Professionally managed building protected by code-compliant, centrally monitored alarm system
- Munjoy Hill location walkable to Eastern Promenade, Old Port, Downtown Business District District and Portland Foreside.
- Sale Price: $2,700,000

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 013 M023
Zoning: B1
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Parking Description: Street Parking
Laundry: Shared
Sprinklers: None
Heat Type: Oil
Fuel: Gas, Oil
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,022 70,949 114,794
Median Age: 33.93 37.61 39.41
Households: 8,384 33,519 51,551

Contact

Photograph of Listing Agent

Timothy J. Millett

Porta & Company NECPE Member
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