NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.59 Acres

Last Sold July 30, 2018

Last sale price $1,600,000

13 Days on Market

Highlights

  • 0.59 Acre Lot
  • Wood Flooring
  • Coin Laundry
  • Garrison Architecture
  • No HOA
  • Level Lot

About This Home

As of July 2018

Inventory...what inventory!? Any investor will want this easily managed, and updated asset in their portfolio. Offering 10, 2 bedroom units in 2 buildings with 19 paved parking spaces. Tenants and future tenants are well located for easy biking, walking, running or driving access to Portland, Cape & Scarborough beaches, and The Greenbelt Walkway is just steps away. "The Greenbelt is enjoyed by thousands of residents and visitors each year. From west to east, the trail spans 5.6 miles." The 4 unit was totally rebuilt in approx. 2013 after a fire. The 6 unit has had many recent updates, 3 have new kitchens and all 6 have new appliances including stackable w/d. Separate gas & electric meters help lower expenses and a laundry room! Group showing 10-11 on Thursday May 31.

Last Agent to Sell the Property

Steve Morrison

Morrison Real Estate Listed on: 05/17/2018

Last Buyer's Agent

Robert Whisenant

RE/MAX Riverside

RE/MAX Riverside

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,731

Year Built

  • Built in 1986

Lot Details

  • 0.59 Acre Lot
  • Level Lot
  • Open Lot
  • Sprinkler System

Home Design

  • Garrison Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire Sprinkler System

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 286
  • Assessor Parcel Number SPOR-000025-000000-000286

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $35,632
  • Gross Income $154,848

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,731

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.59
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Broadway to Hill
  • Architectural Style: Garrison
  • Building Stories: 2
  • Year Built: 1986
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.59
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 10
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 154848.0
  • Income Expenses Operating Expenses: 35632.0
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Info:Island3: No
  • Heat System:Radiator: Yes
  • Misc Amenities Sprinkler: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Style:Garrison: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: None, Not Applicable
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: One-Floor Living
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Laundry - Coin
  • Security: Sprinkler
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25700.4
  • Parcel #: SPOR-000025-000000-000286
  • Zoning: LB

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 154848.0
  • Annual Operating Expense: 35632.0

Tax Info

  • Tax Annual Amount: 12731.0
  • Tax Book Number: 32103
  • Tax Lot: 286
  • Tax Map Number: 025
  • Tax Year: 2017

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $1,600,000 -8.6% --
05/30/2018 05/30/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $1,750,000 -- --
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1350632

Maine Listings