62 Mellen Street, Portland, ME 04101

$1,425,000
Property Type: Multi-Family Baths: 12 Square Footage: 8,831 Lot Size (sq. ft.): 3,049 Status: Closed
Current Price: $1,425,000 List Date: 7/17/2023 Last Modified: 1/15/2025

Description

Great downtown location close to Deering Oaks Park and the Arts District for this Parkside 12 unit. Well cared for by the same owner over the last 27 years. Very stable tenant/rental history. Cute units in super walkable location that appeals to tenants. Owner has made consistent improvements to units overtime. Easy management with 10 one bedrooms and 2 studio units. 11 units are occupied and 1 vacant. Expenses have been kept low by smart upgrades over time. No need to worry about landscaping and snow removal with this one either.

Supplements: ********

More Information MLS# 1565331

Location Information

Book: 12550 Leased Land: No Page: 282 Map: 48 Block: E Lot: 12 Zoning Overlay: Unknown Association: No Street #: 62 Street Name: Mellen Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2146 Zoning: R-6 Full Tax Amount $: 15960 Tax Year: 2022 Geo Lat: 43.655268 Geo Lon: -70.270598

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 12 Lot Size Acres +/-: 0.07 Total Baths: 12 Total Half Baths: 0 SqFt Finished Above Grade: 8831 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 12 Year Built: 1900 SqFt Finished Total: 8831 Source of Acreage: Public Records

Site

Corner Lot: 1 Sidewalks: 1

Location

Intown: 1 Near Shopping: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Unfinished: 1 Walk-Out Access: 1

Exterior

Clapboard: 1

Roof

Shingle: 1

Heat System

Steam: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 151452 Operating Expenses: 37859

Cooling

None: 1

Floors

Other: 1 Wood: 1

Units

# of 1 BD Units: 12

Parking

No Parking: 1 On Street: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1170 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1 Fuses: 1

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: First 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: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1

Unit 4

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1095 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 995 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1175 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Second Security Deposit: No Monthly Rent: 985 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 990 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1095 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 871 # Full Baths: 1 # of Rooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1095 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1020 # Full Baths: 1 # of Rooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

No Driveway: 1

Basement Entry

Interior: 1

Water Heater

Gas: 1

Amenities

Laundry - Coin: 1 Storage: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1675000 Sold Price: $1,425,000 Current Price: $1,425,000

Status Change Info

Pending Date: 2023-09-15 Closed Date: 2023-11-27 Closed Price: 1425000

Property Features

Site: Corner Lot; Sidewalks Location: Intown; Near Shopping; Neighborhood Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Clapboard Roof: Shingle Heat System: Steam Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Other; Wood Amenities: Laundry - Coin; Storage Driveway: No Driveway Parking: No Parking; On Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; Fuses Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Portside Real Estate Group
IDX
Last Updated: January - 15 - 2025
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