11-Unit Multi-Family

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30868341
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 11 Units
Building Size (RSF): 8,956 SF
Gross Building Area: 10,832 SF
Gross Land Area: 0.11 Acres
Sale Price: $1,695,000
Unit Price: $154,090.91 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2024

Overview / Comments

Large 11-unit apartment building in downtown Portland. Building offers historical character and woodwork including original moldings, floors, fireplaces, stairwells, etc. Nice mix of 1-bedroom, 2-bedroom and 3-bedroom units. Newer heating system, 2016 rubber membrane roof, separate electrical services, spray foam insulation, coin-op laundry and much more. Potential to increase rents. Convenient Parkside location, close to Deering Oaks Park, Portland YMCA, and short walk to Congress Street and the Art's District. Group Showings scheduled for Tuesday March 5th at 4:00 PM and Thursday March 7th at 12:00 noon. Please contact listing agent in advance if you plan on attending.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $24,112 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: PTLD-000036-G000010-000001
Zoning: R6
Percent Occupied: 100%
Property Located Between: High Street to #237, opposite Grant Street
Highway Access: Nearby
Airports: Nearby
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1910
Roof Type: Flat
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Off-Street, Paved
Total Parking Spaces: 4
Laundry: Shared
Heat Type: Natural Gas
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,585 79,285 117,792
Median Age: 34.16 38.13 39.12
Households: 13,448 36,745 52,903

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