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
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.
Supplements: ********
More Information MLS# 1579386
Location Information
Book: 28347
Leased Land: No
Page: 47
Map: 36
Block: E
Lot: 21
Zoning Overlay: Unknown
Association: No
School District: Portland Public Schools
Street #: 1
Street Name: Sherman
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2344
Zoning: R6
Full Tax Amount $: 19222
Tax Year: 2023
Geo Lat: 43.656431
Geo Lon: -70.266282
Property Information
Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Number of Units: 8
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: Partial
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Lot Size Acres +/-: 0.11
Total Baths: 8
Total Half Baths: 0
Color: Tan
Road Frontage: Yes
Road Frontage +/-: 156
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 7056
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 8
Year Built: 1910
SqFt Finished Total: 7056
Source of Acreage: Public Records
Site
Corner Lot: 1
Open: 1
Sidewalks: 1
Location
Business District: 1
Intown: 1
Near Shopping: 1
Neighborhood: 1
Roads
Paved: 1
Public: 1
Transportation
Major Road Access: 1
Near Airport: 1
Public Transport Access: 1
Water Info
Water Frontage: No
Water View: No
Style
New Englander: 1
Other: 1
Construction
Wood Frame: 1
Levels
Multi-Level: 1
Basement
Brick/Mortar: 1
Dirt Floor: 1
Full: 1
Unfinished: 1
Walk-Out Access: 1
Foundation Materials
Brick/Mortar: 1
Exterior
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Hot Water: 1
Radiator: 1
Zoned: 1
Building Info
# Stories: 3
# Floors: 3
# Heating Units: 1
Heat Fuel
Gas Natural: 1
Income & Expenses
Gross Income: 141264
Operating Expenses: 47076
Cooling
None: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Wood: 1
Units
# of 1 BD Units: 4
# of 2 BD Units: 3
# of 3 BD Units: 1
Parking
1 - 4 Spaces: 1
Off Street: 1
On Site: 1
On Street: 1
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1065
# Full Baths: 1
# 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
Electric
Circuit Breakers: 1
Unit 2
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1275
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
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
Unit 3
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1450
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - On Site: 1
Unit 4
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1519
# Full Baths: 1
# 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
Sewer
Public Sewer: 1
Unit 5
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1651
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Unit 6
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1107
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
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: 1
# 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: 1
# 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
Driveway
Common: 1
Gravel: 1
Basement Entry
Exterior Only: 1
Water Heater
Gas: 1
Off Heating System: 1
Amenities
Laundry - Coin: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Closed
Original List Price: 1325000
Sold Price: $1,250,000
Current Price: $1,250,000
Status Change Info
Pending Date: 2024-01-14
Closed Date: 2024-01-31
Closed Price: 1250000
Fixtures Exclusions
Fixtures Exclusions: None
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 ›
Listing Office:
Keller Williams Realty
IDX
Last Updated: January - 17 - 2025
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