779 Congress Street, Portland, ME 04102

$1,255,000
Property Type: Multi-Family Baths: 10 Square Footage: 5,018 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $1,255,000 List Date: 11/25/2022 Last Modified: 1/13/2025

Description

Perfect location on Portland's penisula. 10 unit apartment complex with ample parking nestled on the edge of the Arts District and walking distance to the West End amenities. Plenty of parking with 10 spaces. Rarely does a property come on the market this much opportunity. Current owner has remodeled apartments. Units are full of historic charm including original wood floors and moldings, stairwells, etc.

Supplements: ********

More Information MLS# 1548818

Location Information

Book: 35198 Leased Land: No Page: 202 Map: 47 Lot: 15 Zoning Overlay: No Association: No Street #: 779 Street Name: Congress Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04102 Zip +4: 3333 Zoning: B2b Full Tax Amount $: 15602 Tax Year: 2021 Geo Lat: 43.653935 Geo Lon: -70.271882

Property Information

Surveyed: No Seasonal: No Owner Occupied: No Number of Units: 10 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.11 Total Baths: 10 Total Half Baths: 0 Color: Black Road Frontage: Yes Road Frontage +/-: 25 Source of Road Frontage: Public Records SqFt Finished Above Grade: 5018 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 10 Year Built: 1910 SqFt Finished Total: 5018 Source of Acreage: Public Records

Site

Sidewalks: 1

Location

Business District: 1

Roads

Public: 1

Transportation

Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Finished: 1 Walk-Out Access: 1

Foundation Materials

Brick/Mortar: 1

Exterior

Clapboard: 1

Roof

Shingle: 1

Heat System

Hot Water: 1 Radiator: 1

Building Info

# Floors: 3

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 159170 Operating Expenses: 55800

Cooling

None: 1

Floors

Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 8 # of 2 BD Units: 2

Parking

5 - 10 Spaces: 1 Off Street: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1434 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1225 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Pole: 1 Utilities On: Yes

Unit 3

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1171 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1 Underground: 1

Unit 4

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1229 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1028 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1150 # Full Baths: 1 # of Rooms: 3 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1028 # Full Baths: 1 # of Rooms: 3 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

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

Unit 10

Lease: No Level: Basement Security Deposit: No Monthly Rent: 1343 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Common: 1 Gravel: 1

Sold Info

Appraiser Email Address: Corey.Gustafson@cbre.com

Water Heater

Electric: 1

Amenities

Laundry - Coin: 1

Equipment

Cable: 1 Internet Access Available: 1

Vehicle Storage

4+ Car: 1 Detached: 1 Other Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 1325000 Sold Price: $1,255,000 Current Price: $1,255,000

Status Change Info

Pending Date: 2022-12-05 Closed Date: 2023-01-18 Closed Price: 1255000

Property Features

Site: Sidewalks Location: Business District Roads: Public Transportation: Public Transport Access Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Finished; Walk-Out Access Foundation Materials: Brick/Mortar Exterior: Clapboard Roof: Shingle Heat System: Hot Water; Radiator Heat Fuel: Gas Natural Water Heater: Electric Cooling: None Floors: Vinyl; Wood Amenities: Laundry - Coin Equipment: Cable; Internet Access Available Driveway: Common; Gravel Parking: 5 - 10 Spaces; Off Street Vehicle Storage: 4+ Car; Detached; Other Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site; Underground Sewer: Public Sewer Water: Public

Documents

Listing Office: CORE
IDX
Last Updated: January - 13 - 2025
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