33 Hill Street, South Portland, ME 04106

$1,600,000
Property Type: Multi-Family Lot Size (sq. ft.): 25,700 Status: Closed
Current Price: $1,600,000 List Date: 5/17/2018 Last Modified: 12/25/2024

Overview

Description

Inventory...what inventory!? Any investor will want this easily managed, and updated asset in their portfolio. Offering 10, 2 bedroom units in 2 buildings with 19 paved parking spaces. Tenants and future tenants are well located for easy biking, walking, running or driving access to Portland, Cape & Scarborough beaches, and The Greenbelt Walkway is just steps away. "The Greenbelt is enjoyed by thousands of residents and visitors each year. From west to east, the trail spans 5.6 miles." The 4 unit was totally rebuilt in approx. 2013 after a fire. The 6 unit has had many recent updates, 3 have new kitchens and all 6 have new appliances including stackable w/d. Separate gas & electric meters help lower expenses and a laundry room! Group showing 10-11 on Thursday May 31.

Listing Details MLS# 1350632

Location Information

Street #
33
Street Name
Hill
Street Type
Street
County
Cumberland
Town
South Portland
State/Province
ME
Zip Code
04106
Zip +4
4203
Leased Land
No
Book
32103
Page
0105
Map
025
Lot
286
Zoning
LB
Zoning Overlay
No
Association
No
Full Tax Amount $
12731
Tax Year
2017

Contract Information

Original List Price
1750000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Trustee
Bank Owned REO
No
2 Detached Houses on 1 Lot
No
Number of Units
10
Color
White
Year Built
1986
Lot Size Acres +/-
0.59
Source of Acreage
Public Records
Road Frontage
No
Total Baths
0
Total Half Baths
0
SqFt Finished Above Grade
0
SqFt Finished Below Grade
0

Status Change Info

Pending Date
2018-05-30
Closed Date
2018-07-30
Closed Price
1600000

Water Info

Water Frontage
No
Water View
No
Island
No

Building Info

# Stories
2
# Floors
2
# Heating Units
10
# Water Heaters
11

More Information

Units

# of 2 BD Units
10

Unit 1

Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
No
Refrigerator
No
Sewer
No
Water
Yes

Utilities

Utilities On
No

Site

Level
Yes
Open
Yes
Sidewalks
Yes

Location

Business District
Yes
Near Shopping
Yes

Roads

Paved
Yes
Public
Yes

Style

Garrison
Yes

Construction

Wood Frame
Yes

Basement

None
Yes
Slab
Yes

Exterior

Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Direct Vent Heater
Yes
Radiator
Yes

Heat Fuel

Electric
Yes
Gas Natural
Yes

Income & Expenses

Gross Income
154848
Operating Expenses
35632

Cooling

None
Yes

Floors

Carpet
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

11 - 20 Spaces
Yes
On Site
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Common
Yes
Paved
Yes

Basement Entry

Not Applicable
Yes

Water Heater

Electric
Yes

Amenities

Laundry - Coin
Yes
One-Floor Living
Yes
Sprinkler
Yes

Equipment

Cable
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open; Sidewalks Location: Business District; Near Shopping Roads: Paved; Public Style: Garrison Construction: Wood Frame Basement: None; Slab Basement Entry: Not Applicable Exterior: Vinyl Siding Roof: Shingle Heat System: Direct Vent Heater; Radiator Heat Fuel: Gas Natural Water Heater: Electric Cooling: None Floors: Carpet; Tile; Vinyl; Wood Amenities: Laundry - Coin; One-Floor Living; Sprinkler Equipment: Cable Driveway: Common; Paved Parking: 11 - 20 Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
IDX
Listing Office: Morrison Real Estate
Selling Office: RE/MAX Riverside
Last Updated: December - 25 - 2024
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.