6 Unit/Munjoy Hill

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30654555
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 6,524 SF
Gross Building Area: See Agent
Gross Land Area: 0.05 Acres
Sale Price: $1,599,900
Unit Price: $266,650 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Earn cash flow + appreciation with this nice 6 unit apartment building that has had many upgrades and is in good condition. Offering (3) 1 Bedrooms and (3) 2 Bedroom units w/ parking, private decks and amazing water views of the Islands and the Eastern Promenade! Yearly gross income: $126,000 w/ separate electric, newer natural gas boilers and rubber roof . This building is an excellent candidate for a 1031 exchange, Air BnB or take the whole top floor and rent (4) units out.. Why buy a condo when you can have this income producing property!!

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Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $9,067 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 9999999
Zoning: R-6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,883 69,789 110,037
Median Age: 33.48 37.98 39.19
Households: 4,880 33,053 49,381

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