8-unit Near Pine Point Beach

Multi-Family for Sale
Catylist Listing ID: 30437103
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 4,600 SF
Gross Building Area: See Agent
Sale Price: $1,050,000
Unit Price: $131,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2019

Overview / Comments

Scarborough 8-unit income property located steps away from Pine Point Beach, some units with decks that overlook the marsh. This is a truly unique and well-cared for property with a good mix of unit types: three 1 BR units, three 2BR units and two 3BR units. Earns a solid return as is, but consider the prospect of short-term rentals during the Summer months as a means to really boost the income.


Finance Data Year 2019
Real Estate Taxes - Annual($) $10,115 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: U023100
Zoning: R4A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,724 15,798 38,428
Median Age: 46.67 47.78 45.11
Households: 1,128 7,293 16,767


Photograph of Listing Agent

Chris Sullivan

Vitalius Real Estate Group
NECPE Member
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