85 Morning Street, East End Portland
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30700866 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending/Contingent |
| Number of Units: |
3 Units |
| Building Size (RSF): |
2,988 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,250,000 |
| Unit Price: |
$416,666.67 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/2/2021 |
Overview / Comments
Prime location in Portland's East End. This quintessential New Englander presents multiple possibilities for improvement. Currently a three unit this building would lend itself to conversion to an impressive single family home, three luxury condos, or continued as a successful investment rental with off street parking and a single garage.
This classic c1894 property, situated on a quiet residential street, boasts a fenced backyard, decks on all three levels and sweeping views of Casco Bay.
A stones throw from the Eastern Prom, and easily walking distance to eateries and coffee shops perfectly round off why 85 Morning Street is the ideal East End investment.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$8,040 (Annual) |
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$8,040 (Annual) |
| Potential Rental Income |
$62,904 (Annual) |
| Net Operating Income |
$48,097 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Taxing Authority: |
Portland |
| Tax ID/APN: |
PTLD-000003-A000013-000001 |
| Zoning: |
R6 |
| Percent Occupied: |
100% |
| Property Located Between: |
Congress and Moody Streets |
| Property Condition: |
Good |
| Number of Stories: |
3 |
| Year Built: |
1900 |
| Parking Type: |
Surface |
| Total Parking Spaces: |
3 |
| Laundry: |
Shared |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Baseboard |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,883 |
71,048 |
114,596 |
| Median Age: |
33.48 |
38.03 |
39.33 |
| Households: |
4,880 |
33,600 |
51,266 |
|
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