Brick Rowhouse 6-Unit in Portland

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30638984
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 5,722 SF
Sale Price: $1,300,000
Unit Price: $216,666.67 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/31/2020

Overview / Comments

Back on the market after being withdrawn due to the concerns for the tenants during COVID-19 this rare West End rowhouse 6-unit is meticulously maintained and ready to be your next great investment. The property is a historic gem on the outside yet features 6 residential units that were all redesigned and rebuilt in the late 80's. The result is a classic Portland property an investor will be proud to own while also being simple to manage and efficient to operate. Potential opportunities include executive rentals, short term rentals, or a condo conversion. Seller currently leasing off-site parking space for each unit.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $9,580 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: PTLD-000045-000000-C029001
Zoning: B1
Percent Occupied: 83%
Highway Access: I-95 and 295
Airports: PWM
Site Description: Middle rowhouse
Area Description: Portland eclectic west end on a side street
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 4
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick rowhouse
Parking Type: Other
Parking Description: Landlord leases off-site parking
Laundry: Shared
Sprinklers: Wet
Heat Type: Oil, Hot Water, Steam
Heat Source: Baseboard
Fuel: Oil
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Five to Ten Family

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,276 77,049 117,792
Median Age: 34.56 37.91 39.12
Households: 12,013 35,796 52,903

Contact

Photograph of Listing Agent

Chris Sullivan

Vitalius Real Estate Group
NECPE Member
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