PRICE IMPROVMENT - Rare 21 unit on the Peninsula
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30821455 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
21 Units |
| Building Size (RSF): |
14,493 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,700,000 |
| Unit Price: |
$223,809.52 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.12% |
| Last Updated: |
4/24/2024 |
Overview / Comments
|
We are pleased to present for sale 36- 38 State Street here in Portland, ME. This well maintained 21 unit apartment building with on site parking represents a very rare investment opportunity to secure on long term asset on the Portland Peninsula. Excellent rental history, professionally managed and currently 100% occupied.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
44-C-13-14 |
| Zoning: |
R6 |
| Property Condition: |
Good |
| Number of Stories: |
3 |
| Year Built: |
1900 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,920 |
74,013 |
113,112 |
| Median Age: |
35.15 |
37.92 |
39.28 |
| Households: |
11,219 |
34,491 |
50,812 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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