237-241 High Street, Portland, ME 04101

$2,200,000
Property Type: Multi-Family Baths: 19 Square Footage: 13,582 Lot Size (sq. ft.): 9,148 Status: Closed
Current Price: $2,200,000 List Date: 11/22/2023 Last Modified: 1/17/2025

Description

Portfolio of two income properties totaling 19 apartments in Portland's Parkside neighborhood. 237 High St has 11 units with a mix of one, two and three bedroom units. 241 High St has 8 units with a mix of studios and one bedroom units. The current owner focused on the big stuff as is evident in a new boiler, newer roof, spray foamed basements, and a newer hot water system. Preference is to sell the properties together but they can be split.

Supplements: ********

More Information MLS# 1578015

Location Information

Book: 24082 Leased Land: No Page: 071 Map: 36 Block: G Lot: 8-10 Zoning Overlay: No Association: No Street #: 237-241 Street Name: High Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zoning: R6 Full Tax Amount $: 40399 Tax Year: 2023 Geo Lat: 43.656941 Geo Lon: -70.266349

Property Information

Surveyed: No Seasonal: No Number of Units: 19 Lot Size Acres +/-: 0.21 Total Baths: 19 Total Half Baths: 0 SqFt Finished Above Grade: 12750 SqFt Finished Below Grade: 832 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 19 Year Built: 1910 SqFt Finished Total: 13582 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1

Location

Intown: 1 Near Shopping: 1 Near Town: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Full: 1 Unfinished: 1 Walk-Out Access: 1

Exterior

Vinyl Siding: 1

Roof

Flat: 1 Shingle: 1

Heat System

Direct Vent Heater: 1 Radiator: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 285024 Operating Expenses: 95514

Cooling

None: 1

Floors

Carpet: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 14 # of 2 BD Units: 3 # of 3 BD Units: 2

Parking

1 - 4 Spaces: 1 On Street: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1200 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1463 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - At Street: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1522 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1012 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1573 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1485 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1012 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1384 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1165 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1141 # 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: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1265 # Full Baths: 1 # of Rooms: 3 # 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

Unit 13

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1205 # Full Baths: 1 # of Rooms: 3 # 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

Unit 14

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1250 # Full Baths: 1 # of Rooms: 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

Unit 15

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1264 # Full Baths: 1 # of Rooms: 3 # 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

Unit 16

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 990 # Full Baths: 1 # of Rooms: 3 # 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

Unit 17

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1207 # Full Baths: 1 # of Rooms: 2 # 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

Unit 18

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1323 # Full Baths: 1 # of Rooms: 1 # of Bedrooms: 3 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

Paved: 1

Unit 19

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1091 # Full Baths: 1 # of Rooms: 3 # 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

Sold Info

Appraiser Email Address: pcloutier@nea.cc

Basement Entry

Interior: 1

Water Heater

Gas: 1 Off Heating System: 1 Tank: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2200000 Sold Price: $2,200,000 Current Price: $2,200,000

Status Change Info

Pending Date: 2023-11-27 Closed Date: 2024-01-12 Closed Price: 2200000

Property Features

Site: Level; Open; Sidewalks Location: Intown; Near Shopping; Near Town Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Vinyl Siding Roof: Flat; Shingle Heat System: Direct Vent Heater; Radiator Heat Fuel: Gas Natural Water Heater: Gas; Off Heating System; Tank Cooling: None Floors: Carpet; Vinyl; Wood Driveway: Paved Parking: 1 - 4 Spaces; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Vitalius Real Estate Group, LLC
IDX
Last Updated: January - 17 - 2025
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