7-Unit Multi-Family Building

Multi-Family for Sale
Catylist Listing ID: 30799159
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 3,940 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $1,349,000
Unit Price: $192,714.29 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 7-Unit Multi-Family Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/24/2022

Overview / Comments

34 Seavey Street consists of seven (7) units and is situated in a highly desirable location between the exciting Rock Row development and downtown Westbrook, which has several restaurants and shops for residents to enjoy, such as Market Basket, REI, Chick-fil-A, Starbucks, Kohl’s, and more.

PLEASE NOTE: This property is part of a portfolio. To access the Offering Memorandum, please fill out the Confidentiality Agreement and return it to Jon Rizzo at Jrizzo@boulos.com

The portfolio consists of four properties — two properties located in Westbrook and two properties located in Old Orchard Beach. This portfolio is being offered as one package or can be purchased separately (Westbrook package or Old Orchard Beach package). Please contact the broker for more details.

PROPERTY TOUR SCHEDULED: Thursday, May 19th at 10:00 a.m.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05240_040-000-126
Zoning: RGA1 - RESIDENTIAL GROWTH AREA 1
Percent Occupied: 100%
Property Located Between: Seavey Street & Oak Street
Highway Access: I-95
Airports: Portland International Jetport
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1900
Year Renovated: 2017
Parking Type: Surface
Parking Description: One (1) dedicated parking space per unit
Zoning Description: RGA1 - Residential Growth Area 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,266 42,604 114,959
Median Age: 34.32 37.86 38.66
Households: 2,772 17,755 50,585

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