126 Spring Street Portland, ME 04101

Multi-Family for Sale
Catylist Listing ID: 30667473
Property Subtypes: High-Rise, Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 3,694 SF
Sale Price: $850,000
Unit Price: $141,666.67 Per Unit
Property Use Type: Investment
Building Name: 126 Spring St
Sale Terms: Undisclosed, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Offering six spacious studio apartment units, this is an incredible investment opportunity in a great location. The property is located in a charming West End neighborhood. Situated between the famous Old Port and Portland Museum of Art and Downtown, it's a very short walk to Portland's most prominent locations. Coin-op laundry for added income. Improvements include new washer & dryer, new rock backyard and Unit #2 was recently renovated with new floor, painted, new bathroom vanity and more.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,217 (Annual)
Tax Value Land $109,300
Tax Value Improvements $200,300
Assessed Value - Total($) $309,600 (Annual)
Potential Rental Income $76,131 (Annual)

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: Cumberland
Tax ID/APN: 039 D002
Zoning: B3
Percent Occupied: 100%
Site Description: Parking: On-street HVAC: Oil fired FHW Const.Type: Wood framed
Number of Stories: 3
Year Built: 1915
Roof Type: Other
Laundry: Shared
Heat Type: Steam
Heat Source: Other
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,053 77,645 111,093
Median Age: 34.39 37.85 39.15
Households: 12,870 36,019 50,070

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