1 Sherman Street, Portland, ME 04101

$1,250,000

Property Type: Multi-Family Baths: 8 Square Footage: 7,056 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $1,250,000 List Date: 1/02/2024 Last Modified: 1/17/2025

Overview

Description

A classic peninsula building that's clean, organized, well run & turnkey. This fully rented 8 unit offers 4 One bedroom apartments, 3 Two bedroom apartments and a third floor Three bedroom penthouse apartment with skylights and views. Convenient location near Deering Oaks Park, mostly all updated units, newer windows, brand new natural gas furnace, insulated & dry full basement, clean hallways, easy vinyl siding, managed coin operated laundry on site, hardwood floors & some charming features that all come together to make living as well as owning easeful, comfortable & enjoyable. Separated electrical & natural gas for cook stoves. Some off street parking. A unique and great opportunity to start or grow your investment portfolio with a solid, well maintained and stable property.

Listing Details MLS# 1579386

Location Information

Street #: Yes
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2344
Leased Land: No
Book: 28347
Page: 47
Map: 36
Block: E
Lot: 21
Zoning: R6
Zoning Overlay: Unknown
Association: No
School District: Portland Public Schools
Full Tax Amount $: 19222
Tax Year: 2023

Contract Information

Original List Price: 1325000

Property Information

Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: Partial
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 8
Total Baths: 8
Total Full Baths: 8
Color: Tan
Year Built: 1910
SqFt Finished Above Grade: 7056
SqFt Finished Total: 7056
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.11
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 156
Source of Road Frontage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2024-01-14
Closed Date: 2024-01-31
Closed Price: 1250000

Water Info

Water Frontage: No
Water View: No

Building Info

# Stories: 3
# Floors: 3
# Heating Units: Yes

More Information

Units

# of 1 BD Units: 4
# of 2 BD Units: 3
# of 3 BD Units: Yes

Fixtures Exclusions

Fixtures Exclusions: None

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1065
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1275
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1450
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1519
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1651
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1107
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1905
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Corner Lot: Yes
Open: Yes
Sidewalks: Yes

Location

Business District: Yes
Intown: Yes
Near Shopping: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Near Airport: Yes
Public Transport Access: Yes

Style

New Englander: Yes
Other: Yes

Construction

Wood Frame: Yes

Levels

Multi-Level: Yes

Basement

Brick/Mortar: Yes
Dirt Floor: Yes
Full: Yes
Unfinished: Yes
Walk-Out Access: Yes

Foundation Materials

Brick/Mortar: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes
Radiator: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 141264
Operating Expenses: 47076

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Vinyl: Yes
Wood: Yes

Parking

1 - 4 Spaces: Yes
Off Street: Yes
On Site: Yes
On Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Gravel: Yes

Basement Entry

Exterior Only: Yes

Water Heater

Gas: Yes
Off Heating System: Yes

Amenities

Laundry - Coin: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Corner Lot; Open; Sidewalks Location: Business District; Intown; Near Shopping; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access Style: New Englander; Other Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Dirt Floor; Full; Unfinished; Walk-Out Access Basement Entry: Exterior Only Foundation Materials: Brick/Mortar Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water; Radiator; Zoned Heat Fuel: Gas Natural Water Heater: Gas; Off Heating System Cooling: None Floors: Carpet; Laminate; Vinyl; Wood Amenities: Laundry - Coin Driveway: Common; Gravel Parking: 1 - 4 Spaces; Off Street; On Site; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Tax Card ›

Deed Public Access ›

GIS Tax Map ›

Listing Office: Keller Williams Realty

IDX

Last Updated: January - 17 - 2025

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