471 Cumberland Avenue, Portland, ME 04101
$1,750,000
Property Type:
Multi-Family
Baths:
14
Square Footage:
12,038
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$1,750,000
List Date:
1/25/2020
Last Modified:
12/28/2024
Description
14 unit apartment building in Portland's Parkside neighborhood. (10) 1 Bedrooms and (4) 2 Bedrooms. 7 out of the 14 units have been totally remodeled with granite, cabinets, bathrooms, etc. Leaving the new owner very little work to do. This recently has had updated electrical as well. All rents are under-market offering lots of upside in a location that is close to 295/95, Old Port and Maine Medical center. 6.64% Cap Rate
Supplements: ********
More Information MLS# 1371925
Location Information
Book: 33042
Leased Land: No
Page: 066
Map: 36
Block: F
Lot: 15-16
Zoning Overlay: No
Association: No
Street #: 471
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zoning: R7
Full Tax Amount $: 19142
Tax Year: 2018
Geo Lat: 43.655495
Geo Lon: -70.267465
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 14
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Lot Size Acres +/-: 0.13
Total Baths: 14
Total Half Baths: 0
Color: Beige
Road Frontage: No
SqFt Finished Above Grade: 10248
SqFt Finished Below Grade: 1790
Garage: No
Garage Spaces: 0
Total Full Baths: 14
Year Built: 1900
SqFt Finished Total: 12038
Source of Acreage: Public Records
Site
Sidewalks: 1
Location
Historic District: 1
Intown: 1
Roads
Paved: 1
Public: 1
Transportation
Public Transport Access: 1
Water Info
Water Frontage: No
Water View: No
Recreational Water
Nearby: 1
Style
Other: 1
Victorian: 1
Construction
Wood Frame: 1
Levels
Multi-Level: 1
Basement
Daylight: 1
Finished: 1
Full: 1
Walk-Out Access: 1
Foundation Materials
Brick/Mortar: 1
Stone: 1
Exterior
Shingle Siding: 1
Roof
Shingle: 1
Heat System
Forced Air: 1
Hot Water: 1
Building Info
# Floors: 3
# Heating Units: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 182808
Operating Expenses: 61497
Cooling
None: 1
Floors
Carpet: 1
Vinyl: 1
Wood: 1
Units
# of 1 BD Units: 10
# of 2 BD Units: 4
Parking
5 - 10 Spaces: 1
Off Street: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Natural - On Site: 1
Sewer
Public Sewer: 1
Water
Public: 1
Driveway
Paved: 1
Sold Info
Appraiser Email Address: jason@mainelandconsultants.com
Restrictions
No Restrictions: 1
Basement Entry
Interior: 1
Water Heater
Off Heating System: 1
Window Features
Double Pane Windows: 1
Amenities
Laundry - Coin: 1
Equipment
Cable: 1
Contract Information
Status: Closed
Original List Price: 2000000
Sold Price: $1,750,000
Current Price: $1,750,000
Status Change Info
Pending Date: 2020-01-24
Closed Date: 2020-04-28
Closed Price: 1750000
Property Features
Site: Sidewalks
Location: Historic District; Intown
Roads: Paved; Public
Transportation: Public Transport Access
Recreational Water: Nearby
Style: Other; Victorian
Levels: Multi-Level
Construction: Wood Frame
Basement: Daylight; Finished; Full; Walk-Out Access
Basement Entry: Interior
Foundation Materials: Brick/Mortar; Stone
Exterior: Shingle Siding
Roof: Shingle
Heat System: Forced Air; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Carpet; Vinyl; Wood
Window Features: Double Pane Windows
Amenities: Laundry - Coin
Equipment: Cable
Driveway: Paved
Parking: 5 - 10 Spaces; Off Street
Restrictions: No Restrictions
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›
Listing Office:
F.O. Bailey Real Estate
IDX
Last Updated: December - 28 - 2024
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