Catylist ID:
#30871235
| Catylist Listing ID: | 30871235 |
| Property Subtypes: | Duplex/Fourplex, Other |
| Number of Units: | 9 Units |
| Building Size (RSF): | 5,657 SF |
| Gross Building Area: | 6,671 SF |
| Gross Land Area: | 0.12 Acres |
| Sale Price: | $1,678,000 |
| Unit Price: | $186,444.44 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.0% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 4/24/2024 |
Overview / Comments
|
- Stately 9-unit multi-family building totaling 5,657± SF located in Portland’s Art’s District - Exceptional long term investment with considerable opportunity for appreciation - 2 two-story penthouse units with skylights and views of Casco Bay - 2 first floor one-bedrooms with 12' ceiling height - 0.12± acre site with approx. 7 off-street parking spaces - Professionally managed building protected by code-compliant, centrally monitored alarm system - New boiler, roof, and updated units - Walkable to Portland's Arts, Waterfront, and Old Port districts - Sale Price: $1,678,000 (7.0% cap) |
Attachments & Media
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Tax ID/APN: | 05170_040 A015 |
| Zoning: | R6 |
| Percent Occupied: | 100% |
| 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: | 24,525 | 76,791 | 111,093 |
| Median Age: | 34.58 | 37.8 | 39.15 |
| Households: | 13,072 | 35,617 | 50,070 |
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