Munjoy Hill Multi-Unit

Multi-Family for Sale
Catylist Listing ID: 30271110
Property Subtypes: Duplex/Fourplex, Mid-Rise, Mixed Use, Other
Number of Units: 6 Units
Building Size (RSF): 7,168 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $200,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 9/20/2020

Overview / Comments

Great opportunity to invest in Portland's popular East End. This 6 unit multi-family has off-street parking and is just steps to neighborhood shopping, restaurants, Tennis/Basketball Courts, parks, trails, and the East End Beach. The nature of this project is completely up to you, renovate the existing units, convert to condo's, demo and build new or do nothing and rent the units as they are. Market rents are $1,500-$1,800 per month.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 455164700
Zoning: R-6
Community Amenities: Restaurant(s), Jogging Paths, Play Ground
Area Description: This is your chance to own in Portland's highly sought after East End. Just up the road from the water/beach, trails, athletic courts, etc.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1920
Construction/Siding: Vinyl Siding
Heat Type: Oil
Heat Source: Baseboard, Radiant
Fuel: Oil
Interior Description: Two units are currently occupied and the others have beginning stages of demo.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,012 72,995 114,596
Median Age: 33.67 37.87 39.33
Households: 5,851 34,366 51,266

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