77 Sherman Street, Portland, ME 04101

$1,933,000

Property Type: Multi-Family Baths: 12 Square Footage: 10,200 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $1,933,000 List Date: 8/21/2020 Last Modified: 1/04/2025

Description

Stately brick 12-unit in the Parkside neighborhood, a rare offering in the tight Portland multi-family market. Meticulously cared for by the same owner for the last 20 years, with generously tenant-friendly rents there is clear potential to bring these two bedroom units up to market rate. Three units are being left vacant for new owner to make their own value-add improvements.

Supplements: ********

More Information MLS# 1465687

Location Information

Book: 17187 Leased Land: No Page: 065 Map: 48 Block: D Lot: 16 Zoning Overlay: No Association: No Street #: 77 Street Name: Sherman Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zip +4: 2209 Zoning: R6 Full Tax Amount $: 18385 Tax Year: 2019 Geo Lat: 43.655791 Geo Lon: -70.26972

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: Yes Number of Units: 12 Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.14 Total Baths: 12 Total Half Baths: 0 Color: brick SqFt Finished Above Grade: 10200 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 12 Year Built: 1900 SqFt Finished Total: 10200 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1

Location

Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Water Info

Water Frontage: No Water View: No

Style

Victorian: 1

Construction

Masonry: 1

Basement

Full: 1 Sump Pump: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Slab: 1

Exterior

Brick: 1

Roof

Flat: 1 Membrane: 1 Rolled/Hot Mop: 1

Heat System

Forced Air: 1 Radiator: 1 Steam: 1 Zoned: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 136200 Operating Expenses: 51302

Cooling

None: 1

Floors

Laminate: 1

Units

# of 1 BD Units: 1 # of 2 BD Units: 10 # of 3 BD Units: 1

Parking

No Parking: 1

Unit 1

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

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1050 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Gas

Natural - At Street: 1

Unit 4

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No 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: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No 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: 1350 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1050 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No 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: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No 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: 1350 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: Third Security Deposit: No Monthly Rent: 0 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Driveway

No Driveway: 1

Restrictions

No Restrictions: 1

Basement Entry

Interior: 1

Water Heater

Gas: 1

Amenities

Bathtub: 1 Laundry - Coin: 1 Shower: 1

Patio and Porch Features

Deck: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2000000 Sold Price: $1,933,000 Current Price: $1,933,000

Status Change Info

Pending Date: 2020-08-28 Closed Date: 2020-10-01 Closed Price: 1933000

Property Features

Site: Level; Open; Sidewalks Location: Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Victorian Construction: Masonry Basement: Full; Sump Pump; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Slab Exterior: Brick Roof: Flat; Membrane; Rolled/Hot Mop Heat System: Forced Air; Radiator; Steam; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Laminate Amenities: Bathtub; Laundry - Coin; Shower Patio and Porch Features: Deck Driveway: No Driveway Parking: No Parking Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Listing Office: Vitalius Real Estate Group, LLC

IDX

Last Updated: January - 04 - 2025

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