Historic West End Multi-Family Property For Sale - 10 Units

Multi-Family for Sale
Catylist Listing ID: 30351937
Property Subtypes: Duplex/Fourplex, Mid-Rise
Number of Units: 10 Units
Building Size (RSF): 9,824 SF
Gross Building Area: See Agent
Sale Price: $1,625,000
Unit Price: $162,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2018

Overview / Comments

Beautiful, historic, brick multifamily property located in Portland's West End District. Ideal for condominium conversion, owner-occupant, or long-term investor. Featuring classic charm, parking for every units and guests, and the potential to add additional units, this property could will only continue to increase in value and prominence.

We have begun lease this property at at or above unit projects as of 11/11/2018. Two tenants added for $1400+/month in under 5 days on rental market.

Buildings CAN be sold separately, 5 units in each.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $19,233 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 62-B-4
Zoning: R6
Airports: PWM
Total Number of Buildings: 2
Construction/Siding: Brick
Parking Description: Asphalt and dirst
Heat Source: Central
Fuel: Gas
Zoning Description: R6 is a strong residential zoning.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,402 76,075 120,596
Median Age: 34.68 37.43 39.21
Households: 11,265 35,282 53,986

Contact

Photograph of Listing Agent

Josh Soley

Maine Realty Advisors
NECPE Member
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