366 Cottage Road, South Portland, ME 04106

$1,715,000
Property Type: Multi-Family Baths: 9 Square Footage: 6,720 Lot Size (sq. ft.): 15,246 Status: Closed
Current Price: $1,715,000 List Date: 7/05/2022 Last Modified: 1/12/2025

Description

Rare South Portland 9 Unit on Cottage Rd. Well maintained property with excellent rental history. Open Showings on July 8th from 10 a.m. to 12 p.m. and July 12th from 12 p.m. to 2 p.m. Offer deadline: July 14th at 5 p.m. Units 1,2,3,4,&8 are Subsidized by Opportunity Alliance.

Supplements: ********

More Information MLS# 1535187

Location Information

Book: 27547 Leased Land: No Page: 192 Map: 10 Lot: 208 Zoning Overlay: No Association: No Street #: 366 Street Name: Cottage Street Type: Road County: Cumberland Town: South Portland State/Province: ME Zip Code: 04106 Zip +4: 3914 Zoning: MHCC Full Tax Amount $: 12624 Tax Year: 2021 Geo Lat: 43.635955 Geo Lon: -70.236162

Property Information

Surveyed: No Seasonal: No Number of Units: 9 Lot Size Acres +/-: 0.35 Total Baths: 9 Total Half Baths: 0 SqFt Finished Above Grade: 6720 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 9 Year Built: 1968 SqFt Finished Total: 6720 Source of Acreage: Public Records

Site

Sidewalks: 1

Location

Near Shopping: 1 Near Town: 1

Roads

Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

None: 1

Exterior

Aluminum Siding: 1

Roof

Shingle: 1

Heat System

Direct Vent Heater: 1 Other Heat System: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 129024 Operating Expenses: 34447.9

Cooling

None: 1

Floors

Carpet: 1 Wood: 1

Units

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

Parking

On Site: 1 Paved: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1265 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

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

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1375 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - At Street: 1

Unit 4

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1386 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 737 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1292 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1182 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1250 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1265 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Common: 1 Paved: 1

Sold Info

Appraiser Email Address: jessica@mainelandconsultants.com

Basement Entry

Not Applicable: 1

Water Heater

Gas: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1950000 Sold Price: $1,715,000 Current Price: $1,715,000

Status Change Info

Pending Date: 2022-08-11 Closed Date: 2022-10-20 Closed Price: 1715000

Property Features

Site: Sidewalks Location: Near Shopping; Near Town Roads: Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: None Basement Entry: Not Applicable Exterior: Aluminum Siding Roof: Shingle Heat System: Direct Vent Heater; Other Heat System Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Wood Driveway: Common; Paved Parking: On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: The Dunham Group
IDX
Last Updated: January - 12 - 2025
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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