Harbor View Apartments

Multi-Family for Sale
Catylist Listing ID: 30876552
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 10,096 SF
Gross Building Area: 7,556 SF
Gross Land Area: 0.15 Acres
Sale Price: $2,500,000
Unit Price: $312,500 Per Unit
Property Use Type: Investment
Building Name: Harborview Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2024

Overview / Comments

The "Harbor View Apartments" are located in one of the most desirable areas of Portland, the Eastern Prom. This 7556 sq ft, vintage 1900 Mansard style 8 unit apartment building is a diamond in the rough waiting to fulfil it's destiny. Consisting of 7-1 bdrm and 1-2 bdrm units, all with views of the harbor, have wonderful period details, marble fireplaces and beautiful chandeliers. Some upgrades and maintenance items have been completed, see attached list of improvements.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_003 O007
Zoning: R6
Property Located Between: O'brion and Munjoy
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Roof Type: Mansard
Construction/Siding: Wood Siding
Exterior Description: Original Clapboards
Parking Type: Other
Parking Description: One car garage with 2 cars in tandem parking next to garage and On Street
Total Parking Spaces: 3
Sprinklers: None
Heat Type: Natural Gas, Steam
Heat Source: Other
Fuel: Gas
Lot Frontage: 80
Lot Depth: 84
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,912 67,743 112,297
Median Age: 33.87 37.71 39.27
Households: 6,203 32,206 50,479

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