20 Pine Street, Portland, ME 04102

$1,100,000
Property Type: Multi-Family Baths: 6 Square Footage: 5,722 Lot Size (sq. ft.): 1,742 Status: Closed
Current Price: $1,100,000 List Date: 8/05/2020 Last Modified: 1/02/2025

Description

Back on the market after being withdrawn due to the concerns for the tenants during COVID-19 this rare West End rowhouse 6-unit is meticulously maintained and ready to be your next great investment.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.

Supplements: ********

More Information MLS# 1445299

Location Information

Book: 10510 Leased Land: No Page: 51 Map: 45 Block: c Lot: 29 Zoning Overlay: No Association: No Street #: 20 Street Name: Pine Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04102 Zip +4: 3860 Zoning: B1 Full Tax Amount $: 9580 Tax Year: 2019 Geo Lat: 43.652166 Geo Lon: -70.267244

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 6 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.04 Total Baths: 6 Total Half Baths: 0 Color: Brick SqFt Finished Above Grade: 4886 SqFt Finished Below Grade: 836 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 6 Year Built: 1900 SqFt Finished Total: 5722 Source of Acreage: Public Records

Site

Open: 1 Rolling/Sloping: 1 Sidewalks: 1

Location

Historic District: 1 Near Shopping: 1 Near Town: 1

Roads

Paved: 1 Public: 1

Transportation

Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Style

Row-Inside: 1

Construction

Masonry: 1 Wood Frame: 1

Basement

Brick/Mortar: 1 Crawl Space: 1 Full: 1 Slab: 1 Sump Pump: 1 Unfinished: 1

Foundation Materials

Block: 1 Brick/Mortar: 1 Poured Concrete: 1 Stone: 1

Exterior

Brick: 1 Clapboard: 1

Roof

Membrane: 1 Pitched: 1 Slate: 1

Heat System

Baseboard: 1 Forced Air: 1 Hot Water: 1 Zoned: 1

Energy Efficiency

Water Heater: 1

Building Info

# Stories: 4 # Floors: 4 # Heating Units: 1

Heat Fuel

Oil: 1

Income & Expenses

Gross Income: 83940 Operating Expenses: 26092

Cooling

None: 1

Floors

Carpet: 1 Tile: 1 Vinyl: 1

Units

# of 1 BD Units: 5 # of 2 BD Units: 1

Parking

Other Parking: 1 Assigned: 1 Leased: 1 No Parking: 1 Off Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1295 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

No Gas: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Four + Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

No Driveway: 1

Sold Info

Appraiser Email Address: jason@mainelandconsultants.com

Restrictions

No Restrictions: 1

Basement Entry

Interior: 1

Water Heater

Oil: 1 Tank: 1

Amenities

Bathtub: 1 Laundry - 1st Floor: 1 Laundry - Coin: 1 Shower: 1 Sprinkler: 1 Storage: 1 Walk-in Closets: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1500000 Sold Price: $1,100,000 Current Price: $1,100,000

Status Change Info

Pending Date: 2020-08-14 Closed Date: 2020-10-21 Closed Price: 1100000

Property Features

Site: Open; Rolling/Sloping; Sidewalks Location: Historic District; Near Shopping; Near Town Roads: Paved; Public Transportation: Public Transport Access Style: Row-Inside Construction: Masonry; Wood Frame Basement: Brick/Mortar; Crawl Space; Full; Slab; Sump Pump; Unfinished Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Poured Concrete; Stone Exterior: Brick; Clapboard Roof: Membrane; Pitched; Slate Heat System: Baseboard; Forced Air; Hot Water; Zoned Heat Fuel: Oil Water Heater: Oil; Tank Cooling: None Floors: Carpet; Tile; Vinyl Amenities: Bathtub; Laundry - 1st Floor; Laundry - Coin; Shower; Sprinkler; Storage; Walk-in Closets Energy Efficiency: Water Heater Driveway: No Driveway Parking: Other Parking; Assigned; Leased; No Parking; Off Site Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Vitalius Real Estate Group, LLC
IDX
Last Updated: January - 02 - 2025
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