27 Morning Street, Portland, ME 04101
$1,550,000
Property Type:
Multi-Family
Baths:
6
Square Footage:
6,524
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$1,550,000
List Date:
9/30/2020
Last Modified:
1/03/2025
Description
Earn cash flow + appreciation with this nice 6 unit apartment building that has had many upgrades and is in good condition. Offering (3) 1 Bedrooms and (3) 2 Bedroom units w/ parking, private decks and amazing water views of the Islands and the Eastern Promenade! Yearly gross income: $126,000 w/ separate electric, newer natural gas boilers and rubber roof . This building is an excellent candidate for a 1031 exchange, Air BnB or take the whole top floor and rent (4) units out.. Why buy a condo when you can have this income producing property!!
Supplements: ********
More Information MLS# 1449460
Location Information
Book: 35794
Leased Land: No
Page: 270
Map: 3
Block: C
Lot: 16
Zoning Overlay: No
Association: No
Street #: 27
Street Name: Morning
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 4440
Zoning: R-6
Full Tax Amount $: 9401
Tax Year: 2019
Geo Lat: 43.666644
Geo Lon: -70.242089
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 6
Lot Size Acres +/-: 0.05
Total Baths: 6
Total Half Baths: 0
Color: Blue
Road Frontage: No
SqFt Finished Above Grade: 6524
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 6
Year Built: 1915
SqFt Finished Total: 6524
Source of Acreage: Public Records
Site
Level: 1
Sidewalks: 1
Location
Near Country Club: 1
Near Shopping: 1
Neighborhood: 1
Roads
Paved: 1
Public: 1
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Casco Bay
Water Body Type
Bay: 1
Recreational Water
Nearby: 1
Style
Other: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Exterior
Vinyl Siding: 1
Roof
Membrane: 1
Heat System
Steam: 1
Building Info
# Stories: 3
# Heating Units: 1
# Water Heaters: 1
Heat Fuel
Gas Natural: 1
Income & Expenses
Gross Income: 126000
Operating Expenses: 18975
Cooling
None: 1
Floors
Vinyl: 1
Wood: 1
Units
# of 1 BD Units: 3
# of 2 BD Units: 3
Parking
Off Street: 1
Unit 1
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1750
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1850
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Unit 3
Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1950
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - On Site: 1
Unit 4
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1300
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 1
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1600
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 1
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Unit 6
Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 3500
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 1
Dedicated Electric Meter: No
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Driveway
Paved: 1
Sold Info
Appraiser Email Address: somaineapp@yahoo.com
Basement Entry
Bulkhead: 1
Water Heater
Gas: 1
Amenities
1st Floor Bedroom: 1
Bathtub: 1
Laundry - Coin: 1
Equipment
Cable: 1
Contract Information
Status: Closed
Original List Price: 1695000
Sold Price: $1,550,000
Current Price: $1,550,000
Status Change Info
Pending Date: 2020-10-15
Closed Date: 2021-02-05
Closed Price: 1550000
Property Features
Site: Level; Sidewalks
Location: Near Country Club; Near Shopping; Neighborhood
Roads: Paved; Public
Water Body Type: Bay
Recreational Water: Nearby
Style: Other
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Bulkhead
Exterior: Vinyl Siding
Roof: Membrane
Heat System: Steam
Heat Fuel: Gas Natural
Water Heater: Gas
Cooling: None
Floors: Vinyl; Wood
Amenities: 1st Floor Bedroom; Bathtub; Laundry - Coin
Equipment: Cable
Driveway: Paved
Parking: Off Street
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Disclosures + LPA ›
Listing Office:
F.O. Bailey Real Estate
IDX
Last Updated: January - 03 - 2025
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