91-93 Columbia Road, Portland, ME 04103

$1,200,000

Property Type: Multi-Family Baths: 4 Square Footage: 3,600 Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $1,200,000 List Date: 4/03/2024 Last Modified: 1/18/2025

Overview

Description

Introducing 91-93 Columbia St, Portland, ME - a lucrative opportunity awaits in the heart of a vibrant community. This income-generating 4-unit residence promises a seamless blend of convenience, comfort, and profitability. Boasting spacious 3-bedroom units, this property offers ample space for tenants to spread out and feel at home. Each unit is equipped with its own heating system, oil tank, hot water tank, and electrical meter, ensuring efficient utility management and maximizing returns. Recent touch-ups throughout the property enhance its appeal, presenting a turnkey investment or ideal owner-occupied opportunity. Whether you're looking to expand your portfolio or seeking a place to call home while earning rental income, this multi-unit property caters to diverse needs and aspirations. Nestled in a desirable neighborhood, residents will appreciate the proximity to local schools, shops, restaurants, and other amenities, fostering a convenient and fulfilling lifestyle. With ... (Read more)

Listing Details MLS# 1585631

Location Information

Street #: 91-93
Street Name: Columbia
Street Type: Road
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 2407
Leased Land: No
Book: 32708
Page: 16
Map: 181
Lot: F006-001
Zoning: R5
Zoning Overlay: No
Association: No
Full Tax Amount $: 10176.34
Tax Year: 2024

Contract Information

Original List Price: 1250000

Property Information

Surveyed: No
Seasonal: No
Owner Occupied: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Number of Units: 4
Total Baths: 4
Total Full Baths: 4
Year Built: 1922
SqFt Finished Above Grade: 3600
SqFt Finished Total: 3600
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.21
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Status Change Info

Pending Date: 2024-04-12
Closed Date: 2024-05-31
Closed Price: 1200000

Water Info

Water Frontage: No
Water View: No

Building Info

# Floors: 2
# Heating Units: 4
# Water Heaters: 4

More Information

Units

# of 3 BD Units: 4

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1400
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1600
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 2179.5
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 2075
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Utilities

Pole: Y
Utilities On: Yes

Sold Info

Appraiser Email Address: mike@loisjordan.com

Site

Level: Yes

Location

Near Shopping: Yes
Near Town: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Levels

Multi-Level: Yes

Basement

Full: Yes
Unfinished: Yes

Exterior

Shingle Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Heat Pump: Yes
Hot Water: Yes

Heat Fuel

Electric: Yes
Oil: Yes

Income & Expenses

Gross Income: 87054
Operating Expenses: 17844.04

Cooling

Heat Pump: Yes

Floors

Vinyl: Yes
Wood: Yes

Parking

5 - 10 Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

No Gas: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes

Basement Entry

Interior: Yes

Water Heater

Electric: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level Location: Near Shopping; Near Town; Neighborhood Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Exterior: Shingle Siding Roof: Shingle Heat System: Baseboard; Heat Pump; Hot Water Heat Fuel: Oil Water Heater: Electric Cooling: Heat Pump Floors: Vinyl; Wood Driveway: Common Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

Deed Public Access ›

Property Disclosure Public Access ›

Income and expenses ›

Listing Office: Keller Williams Realty

IDX

Last Updated: January - 18 - 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.