3 Sherbrooke Street, Portland, ME 04101

$2,650,000
Property Type: Multi-Family Baths: 10 Square Footage: 8,976 Lot Size (sq. ft.): 6,534 Status: Closed
Current Price: $2,650,000 List Date: 3/03/2022 Last Modified: 1/11/2025

Description

Ten Unit apartment building on Munjoy Hill with possibly the best views in the city. Unique opportunity in this tight inventory market to own a 100% occupied building in the most desirable part of the city. Amazing panoramic vistas of Casco Bay, Munjoy Hill Observatory, and Downtown Portland. Large penthouse unit with rooftop deck and wet bar. Potential for redevelopment, condo conversion, upgrading units, and possibly adding another level. Most apartments have original character with wood floors, moldings, high ceilings, and private decks. Located on the East End with easy walk to restaurants, shops, East End Beach, Portland Trail System, the India Street corridor, and the Old Port. Also listed Commercial MLS #1520910

Supplements: ********

More Information MLS# 1520908

Location Information

Book: 21661 Leased Land: No Page: 237 Map: 16 Block: H Lot: 005 Zoning Overlay: No Association: No Street #: 3 Street Name: Sherbrooke Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 4339 Zoning: R6 Full Tax Amount $: 28275 Tax Year: 2021 Geo Lat: 43.664971 Geo Lon: -70.246436

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: Yes Number of Units: 10 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 +/-: 0.15 Total Baths: 10 Total Half Baths: 0 Color: White Road Frontage: Yes Road Frontage +/-: 160 Source of Road Frontage: Public Records SqFt Finished Above Grade: 8976 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 10 Year Built: 1910 SqFt Finished Total: 8976 Source of Acreage: Public Records

Site

Corner Lot: 1 Level: 1 Sidewalks: 1

Location

Intown: 1 Near Public Beach: 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

Harbor: 1 Ocean: 1

Recreational Water

Nearby: 1 Public: 1

Style

Other: 1 Victorian: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

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

View

Scenic: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Vinyl Siding: 1

Roof

Flat: 1 Membrane: 1

Heat System

Radiator: 1 Steam: 1

Building Info

# Floors: 3

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 176700 Operating Expenses: 38400

Cooling

None: 1

Floors

Carpet: 1 Laminate: 1 Tile: 1 Wood: 1

Units

# of 1 BD Units: 3 # of 2 BD Units: 6 # of 3 BD Units: 1

Parking

No Parking: 1

Unit 1

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: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 1320 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes 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: No Level: Second Security Deposit: Yes Monthly Rent: 1350 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes 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: Second Security Deposit: Yes Monthly Rent: 2100 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes 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: No Level: First Security Deposit: Yes Monthly Rent: 1145 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes 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: 2500 # Full Baths: 1 # of Rooms: 7 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1090 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1415 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1305 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

No Driveway: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Window Features

Double Pane Windows: 1

Amenities

Laundry - 1st Floor: 1 Laundry - Coin: 1

Patio and Porch Features

Deck: 1

Equipment

Cable: 1 Internet Access Available: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2595000 Sold Price: $2,650,000 Current Price: $2,650,000

Status Change Info

Pending Date: 2022-03-09 Closed Date: 2022-04-13 Closed Price: 2650000

Property Features

Site: Corner Lot; Level; Sidewalks Location: Intown; Near Public Beach; Near Shopping; Neighborhood Roads: Paved; Public Water Body Type: Harbor; Ocean Recreational Water: Nearby; Public View: Scenic Style: Other; Victorian Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished; Walk-Out Access Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Vinyl Siding Roof: Flat; Membrane Heat System: Radiator; Steam Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Laminate; Tile; Wood Window Features: Double Pane Windows Amenities: Laundry - 1st Floor; Laundry - Coin Patio and Porch Features: Deck Equipment: Cable; Internet Access Available Driveway: No Driveway Parking: No Parking Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Town & Shore Real Estate
IDX
Last Updated: January - 11 - 2025
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